SOL Token Drops 5% Amid Geopolitical Tensions, But Trading Volume Surges on Binance

Solana (SOLUSDT) experienced a notable price decline of 5.05% over the past 24 hours, dropping from an open of $147.91 to $140.44 on Binance. This downward movement is primarily attributed to heightened geopolitical tensions, increased technical resistance, and the rising market dominance of Bitcoin, which have collectively pressured altcoins like Solana. Despite this decline, trading activity remains robust, with Binance reporting a 24-hour volume of 1.93 million SOL, reflecting continued strong liquidity and market interest. Overall, Solana maintains a substantial market capitalization and active ecosystem growth, but short-term price action is currently influenced by broader macroeconomic and sector-specific factors.