SOL Token Dips 3.49% Amid High Trading Volume Despite Strong DeFi and Network Fundamentals

Solana (SOL) experienced a 3.49% price decrease over the past 24 hours, currently trading at $134.23 (down from a 24h open of $139.09). This decline follows a period of heightened volatility, despite recent positive developments such as record DeFi and stablecoin activity, strong validator income, and robust network revenues. The asset had previously maintained the crucial $140 support level, which had contributed to market confidence; however, the latest pullback suggests that broader market volatility and potential profit-taking have outweighed these bullish fundamentals in the short term. Trading volume remains high at approximately $3.88 billion, reflecting active participation, while technical and fundamental indicators continue to show underlying strength in the Solana ecosystem. The market sentiment is cautiously optimistic, contingent on SOL’s ability to reclaim and sustain key support levels amid ongoing volatility.