SOL Token Slides 2.86% Amid $106M Transfer and Regulatory Scrutiny, Trading Volume Remains Strong

Solana (SOL) experienced a 2.86% price decline over the past 24 hours, with the current Binance price at $148.26 (24h open: $152.62). This drop is primarily attributed to recent large-scale token movements, including a $106 million transfer and a significant unstaking and sale by a major holder, as well as renewed regulatory scrutiny impacting sentiment, particularly around potential Solana-based staking ETFs. Despite these pressures, Solana maintains strong trading volumes (24h volume: $3.18B–$4.59B), a market cap of approximately $77.48 billion, and continues to rank #6 by market capitalization, with ongoing institutional interest and robust user activity supporting its position in the market.