SOL Token Faces 2.53% Drop Amid ETF Moves, Whale Transfers, and $11.4M Inflows

In the past 24 hours, Solana (SOLUSDT) experienced a price decline of -2.53%, with the current price at $146.93 on Binance, opening at $150.74. The price movement is attributed to several recent developments: while the launch of the Rex Shares and Osprey Solana Staking ETF brought $11.4 million in inflows and increased institutional interest, uncertainty remains due to Grayscale’s SEC request to suspend trading of its multi-asset ETF containing Solana and XRP. Additionally, a large 5 million SOL transfer to an exchange and profit-taking after recent gains may have contributed to selling pressure. Despite record highs in daily transactions, rising DeFi total value locked, and whale accumulation, overall trading volume has decreased by 17.80% to around $3.3–$3.6 billion, reflecting reduced market activity. Solana remains ranked #6 by market capitalization, with a circulating supply of approximately 530–535 million SOL and a market cap near $79 billion.