SOL Token Dips 2% Amid REX-Osprey ETF Launch and Alameda Unlocks, Trading Volume Surges

Solana (SOLUSDT) experienced a 2.04% decline over the past 24 hours, with the price moving from a 24h open of 151.18 to 148.10 on Binance. The recent price decrease is attributed to profit-taking and market volatility following the launch of the REX-Osprey Solana Staking ETF (SSK) on July 3, 2025, which initially drove institutional interest and increased trading activity. Additional factors influencing market sentiment include upcoming Solana token unlocks related to the Alameda bankruptcy scheduled for July 7 and July 11, and broader market trends such as Bitcoin price fluctuations. Despite the short-term pullback, Solana remains a focal point for institutional investors and continues to show strong ecosystem growth, with a 24-hour trading volume between $3.5 billion and $4.08 billion and a market capitalization around $79 billion.