SOL Token Faces 3.39% Dip Despite REX-Osprey ETF Launch and $3.7B Trading Surge

Solana (SOLUSDT) experienced a 3.39% decline over the last 24 hours, with the price dropping from a 24h open of 151.79 to 146.64 on Binance. This price movement follows the launch of the REX-Osprey Solana + Staking ETF in the United States, which generated significant initial trading activity and net inflows, as well as increased institutional interest, highlighted by DeFi Dev Corp’s acquisition of over 640,000 SOL. Despite these positive developments, the price faced resistance above $150 and struggled to break the $155 level, with technical indicators showing mixed signals and some bearish momentum. The broader market remains cautious, watching for sustained buying pressure and a clear break above resistance to confirm a bullish trend.

Currently, Solana trades at 146.64 USDT on Binance, with a 24-hour trading volume exceeding $3.7 billion and a market capitalization of approximately $80.6 billion, reflecting high liquidity and continued investor interest despite recent price volatility.