SOL Token Drops 5.79% to $191.35 Amid High Volume and Institutional Activity Surge

Solana (SOLUSDT) experienced a 5.79% price decline over the past 24 hours, currently trading at $191.35 on Binance after opening at $203.12. The recent price drop follows a period of strong gains driven by institutional inflows, such as the rapid growth of the REX-Osprey Solana staking ETF and significant treasury acquisitions by companies like DeFi Development Corp. and Upexi. Despite positive momentum from protocol upgrades, increased NFT and GameFi activity, and the launch of new liquid staking solutions, the market saw profit-taking and resistance near the $205 level, contributing to short-term volatility. Solana maintains high trading activity, with a 24-hour volume exceeding $10 billion and a market capitalization around $102.54 billion, reflecting continued investor interest amid ongoing ecosystem developments.