SOL Token Holds Strong Amid $1B App Revenue, Faces Volatility and Key $140 Support Test

Solana (SOL) is currently trading at $135.87 on Binance, reflecting a 3.04% decline over the past 24 hours from a 24h open of $140.13. The recent price drop can be attributed to short-term market volatility despite strong underlying fundamentals, including the Solana Foundation’s announcement of over $1 billion in app revenue for the second consecutive quarter and robust network health metrics. While SOL has demonstrated resilience by defending key support levels around $140, increased trading activity—particularly in meme coins and DeFi—has led to heightened volatility as traders react to rapid price swings and resistance near $150. Overall, Solana maintains high trading volumes and remains a focal point for both retail and institutional participants, with technical levels and on-chain growth continuing to drive market sentiment.