SOL Token Slides 3.32% Despite Record ETF Inflows and Surging Trading Volume on Nasdaq Launch

Solana (SOLUSDT) experienced a 3.32% price decline over the past 24 hours, with the current price at $146.52, opening at $151.55. The recent price movement is primarily attributed to heightened volatility following the launch of the Rex-Osprey U.S. Solana + Staking ETF on Nasdaq, which saw strong initial inflows and trading volume, signaling robust institutional and retail interest. However, despite this positive ETF-driven sentiment and record user adoption, technical analyses have indicated bearish pressure, with SOLUSDT breaking key support levels and encountering resistance near $155, contributing to the downward price action.

Solana remains one of the most actively traded cryptocurrencies, with a 24-hour trading volume between $3.41 billion and $3.93 billion and a market capitalization ranging from $78.56 billion to $81.59 billion, ranking it sixth by market cap. The asset continues to demonstrate significant user engagement and high transaction throughput, although short-term price action reflects a cautious market response to both bullish institutional developments and prevailing technical headwinds.