SOL Token Dips 2.43% Amid Developer Debates Despite $200M Institutional Inflows and New Staking Options

Solana (SOLUSDT) experienced a 2.43% price decrease over the past 24 hours, with the current Binance price at 160.30 USDT, opening at 164.29 USDT. The price decline appears to be driven by a combination of factors, including a decrease in trading volume compared to the previous day and ongoing debates among core developers regarding Layer 1 blockchain superiority, which may have contributed to short-term market uncertainty. Despite positive institutional developments—such as Upexi raising $200 million to expand its Solana holdings and strong inflows into Solana ETFs—these have not fully offset the broader market volatility and slight downturn in activity.

Solana remains a top cryptocurrency by market capitalization, with a 24-hour trading range between approximately 155.66 and 166.82 USDT and a circulating supply near 540 million SOL. Trading volume across exchanges has been robust, ranging from $4.5 billion to $9.54 billion, though a recent decline in volume suggests cautious sentiment among traders despite ongoing interest from institutional investors and new product launches such as Shariah-compliant staking and flexible soft staking options.