SOL Token Sees 3.64% Dip Amid Market Volatility, Yet Weekly Gains and ETF News Drive Interest

Solana (SOLUSDT) experienced a 3.64% price decrease over the past 24 hours, currently trading at $196.84 on Binance, with a 24-hour open of $204.28. The recent price dip is attributed to overall market volatility affecting major cryptocurrencies, despite strong fundamentals and positive developments such as increased institutional interest, the SEC’s acknowledgment of the Invesco Galaxy spot Solana ETF filing, and robust ecosystem growth highlighted by Binance Labs’ support for Solayer Labs. Trading volume remains high at $12.34 billion, and Solana’s market capitalization stands at approximately $106.65 billion, ranking it #6 by market cap. Despite short-term fluctuations, Solana has shown a 13.22% increase over the past week, reflecting sustained investor interest and active trading, particularly in the SOL/USDT pair.