SOL Token Slides 6.33% Amid Market Volatility, Yet On-Chain Growth and $1B Revenue Signal Strength

Solana (SOLUSDT) experienced a notable price decline of 6.33% over the past 24 hours, with the current price at $132.84 according to Binance, down from a 24h open of $141.81. This drop is primarily attributed to broader market volatility and a recent negative weekly trend, as SOL continues to test the $140 support level amid overall sector weakness. Despite strong on-chain fundamentals—such as over $1 billion in app revenue for Q2 2025, 100% network uptime for nearly 16 months, and significant growth in DeFi, NFT, and institutional activity—short-term price pressure has persisted, likely influenced by profit-taking and cautious sentiment ahead of potential regulatory catalysts like a possible US spot ETF approval. Solana remains the sixth largest cryptocurrency by market capitalization, with a 24-hour trading volume of approximately $4 billion, and continues to show high transaction activity and liquidity inflows, supporting its long-term ecosystem strength despite current price consolidation.