SOL Token Sees 2.44% Dip Amid $10B Trading Surge and Major Network Upgrades

Solana (SOLUSDT) experienced a 2.44% price decrease over the past 24 hours, with the current price at $184.56 on Binance, opening at $189.18. The recent price pullback follows a period of heightened volatility and significant ecosystem developments, including a 35% rise in derivatives volume, increased institutional interest, and major network upgrades such as a 20% boost in block capacity. While these positive developments have driven strong trading activity and attracted substantial inflows—evidenced by a 24-hour trading volume exceeding $10 billion—profit-taking and short-term consolidation after surpassing the $200 mark have contributed to the recent downward price movement.

Solana remains a leading cryptocurrency by market capitalization (approximately $100 billion), with a circulating supply of over 538 million SOL and robust DeFi growth, as total value locked in Solana DeFi reached $10 billion, the highest in six months. The network continues to see strong institutional and retail engagement, supported by ongoing technical upgrades and new product launches.