SOL Token Slides 3.91% Amid ETF Filings, $7.37B Volume Surge, and USDC Minting

SOLUSDT has declined by 3.91% over the past 24 hours, with the current price at $175.12 and a 24-hour open of $182.24, as reported by Binance. The price decrease follows a period of heightened volatility, with SOL reaching a high of $186.66 before facing resistance and subsequent rejection near $183.35, which contributed to the pullback. Increased trading volume, now at approximately $7.37 billion, reflects active market participation amid recent developments such as ETF filings by 21Shares and Cboe BZX, significant institutional investments, and the minting of 250 million USDC on the Solana network. Despite short-term bearish pressure, Solana maintains strong transaction volumes and low fees, supporting ongoing growth in DeFi and NFT activity. The asset currently ranks #6 by market capitalization, with a circulating supply of 539.67 million SOL.