SOL Token Faces 2.2% Dip Amid Liquid Staking Surge and Regulatory Shifts, Trading Near $176

Solana (SOLUSDT) experienced a 2.20% price decrease over the past 24 hours, opening at 179.92 USDT and currently trading at 175.97 USDT on Binance. The price movement can be attributed to a combination of factors, including increased institutional interest following the launch of liquid staking options on major exchanges, ongoing U.S. regulatory developments such as the passage of the GENIUS Act, and shifts in market share among Solana token issuance platforms. Despite positive ecosystem developments and strong DeFi activity, technical resistance in the $180–$188 range has limited upward momentum, resulting in consolidation near current levels.

Solana remains actively traded with a 24-hour volume of approximately $6.78 billion USD, a market capitalization of about $94.96 billion, and a circulating supply exceeding 537 million SOL, ranking it #6 among cryptocurrencies.