SOL Token Holds Strong at $139 Despite 2.79% Dip Amid DeFi Growth and ETF Hopes
Solana (SOL) is trading at $139.26 on Binance, reflecting a 2.79% decline over the past 24 hours from a 24h open of $143.25. The recent price decrease is attributed to broader market volatility and profit-taking, despite ongoing positive developments such as network enhancements, robust DeFi and stablecoin ecosystem growth, and rising optimism around potential spot ETF approval in the U.S. Trading activity remains strong, with a 24-hour volume of approximately $3.96 billion and a market capitalization of $75.68 billion, keeping SOL ranked #6 among cryptocurrencies. While technical indicators suggest a period of sideways movement, Solana’s fundamentals continue to support sustained investor interest.