SOL Token Drops 5.98% Amid Institutional Moves, ETF Inflows, and Major Network Upgrades

Solana (SOLUSDT) experienced a 5.98% decline over the past 24 hours, with the price dropping from 202.34 USDT to 190.23 USDT on Binance. This price movement follows a period of heightened volatility, driven by significant institutional activity such as DeFi Development Corp.'s acquisition of nearly one million SOL and strong inflows into the REX-Osprey SOL spot ETF. The recent network upgrade, which increased block size by 20% to improve scalability, and the upcoming launch of the Block Assembly Marketplace (BAM) by the Jito Foundation have contributed to increased market attention and trading volume. Despite these positive developments and robust market capitalization, the price correction appears linked to profit-taking after a strong rally, as well as technical resistance near the $209 level and overbought indicators. Solana remains actively traded, with substantial 24-hour volume and a current market cap exceeding $102 billion, as it continues to attract interest in the DeFi, NFT, and gaming sectors.