SOL Token Holds Strong After 4.6% Drop Amid $21.8M Inflows and ETF Filing Momentum

Solana (SOLUSDT) experienced a 4.60% price decline over the past 24 hours, with the current price at $175.09 on Binance, primarily attributed to significant whale sell-offs and profit-taking following recent gains. Despite this short-term downward pressure, the asset has shown resilience, supported by strong institutional inflows, including $21.8 million in net investment last week and positive developments such as ETF filings and expanded retail access. The 24-hour trading volume remains robust at approximately $6 billion, with Solana ranking as the sixth largest cryptocurrency by market capitalization and maintaining a circulating supply of around 540 million tokens.