SOL Token Drops 4.17% as ETF Delays and $22M Transfers Drive Market Volatility

Solana (SOLUSDT) experienced a 4.17% price decline over the past 24 hours, with the current Binance price at $183.09, down from a 24h open of $191.06. The price drop is primarily attributed to a combination of factors: postponed U.S. regulatory decisions on Solana ETFs, substantial selling volume following a reversal from the $198 resistance level, and mixed market sentiment despite record network transaction speeds. Increased trading activity, including over $22 million in SOL transfers on Binance and robust 24-hour volume between $6.04 billion and $6.56 billion, reflects ongoing liquidity rotation and heightened market engagement. Solana’s market capitalization remains strong at approximately $98.23–$99.50 billion, with a circulating supply of 540 million SOL, ranking it among the top cryptocurrencies by market value.