SOL Token Sees 3.69% Price Dip Amid Record Futures Interest and $1.15B Stablecoin Settlement

Solana (SOLUSDT) experienced a 3.69% price decline over the past 24 hours, with the current price at $199.99 on Binance, opening at $207.66. The recent price drop follows a period of strong bullish momentum driven by record-high open interest in Solana futures, increased whale accumulation, and a 25% rise in total value locked within the Solana ecosystem. Positive developments such as the Bullish IPO settling $1.15 billion in stablecoins on Solana and regulatory approval for retail trading in Hong Kong contributed to heightened trading activity and a surge in volume. Despite the short-term pullback, Solana remains actively traded, with robust market capitalization and significant 24-hour volume, reflecting continued investor interest and ecosystem growth.