SOL Token Drops 5.87% Amid ETF Delays, Yet Sees $7.4M Daily Institutional Inflows and Strong Activity

Solana (SOLUSDT) experienced a 5.87% price decrease over the past 24 hours, currently trading at $180.54 on Binance. The decline is primarily attributed to ongoing volatility driven by ETF-related news, technical pressures, and recent delays in ETF approvals, which contributed to increased selling pressure and a sharp correction. Despite these challenges, Solana saw heightened network activity, increased stablecoin supply, and notable institutional inflows, with daily investments of $7.4 million into Solana-related products. Trading volume remains robust at over $5 billion, and the market capitalization is approximately $98.76 billion, reflecting continued strong interest and liquidity despite recent price fluctuations.