SOL Token Faces 2% Drop as SEC Delays ETF Decision, Market Activity Remains Strong

Solana (SOLUSDT) experienced a 2.05% price decline over the past 24 hours, with the current price at $187.38 on Binance, primarily attributed to market volatility following the SEC's postponement of its decision on multiple Solana spot ETF applications until October 16, 2025. This regulatory delay led to short-term selling pressure and a decrease in trading volume, despite recent positive developments such as increased network activity, rising transaction fees, and strong institutional interest. Solana maintains a robust market position with a market capitalization exceeding $100 billion, a 24-hour trading volume between $6.92 billion and $8.04 billion, and approximately 539.93 million tokens in circulation, while the SOL/USDT pair remains highly active on major exchanges.