SOL Token Dips 3.38% as U.S. ETF Launch Spurs Volatility and $3.7B Trading Surge

In the past 24 hours, SOLUSDT experienced a price decline of 3.38%, currently trading at 150.01 USDT on Binance. The primary factor influencing this price movement appears to be the broader market sentiment, as recent news highlighted the launch of the first U.S. ETF with Solana exposure and staking rewards, which initially generated positive attention but did not sustain upward momentum amid mixed reactions to overall cryptocurrency trends. Despite robust trading activity with a 24-hour volume around $3.7 billion and a market capitalization near $81.4 billion, Solana's price retraced from a 24-hour high of 155.25 as traders reacted to both the ETF launch and ongoing volatility in the sector.