SOL Token Dips 4% Amid $14.7B Volume Surge, Ecosystem Expands Despite ETF Uncertainty

Solana (SOLUSDT) experienced a 4.12% price decrease over the last 24 hours, with the current price at $194.57 according to Binance. The decline follows a period of heightened trading activity, with 24-hour volumes reaching up to $14.67 billion, driven by increased liquidity from Circle minting 750 million USDC on Solana and strong participation in decentralized applications. BitPay’s addition of SOL support and OSL HK’s approval for retail trading in Hong Kong have contributed to ecosystem growth, while the postponement of SEC decisions on Solana ETF proposals may have introduced short-term uncertainty. Despite the recent dip, Solana maintains robust market metrics, including a market capitalization near $106 billion and a weekly price gain of over 10%.