SOL Token Holds Top-6 Rank as Price Dips 3.46% Amid $1B Revenue Milestone and High Volume

Solana (SOL) experienced a 3.46% price decline over the past 24 hours, with the current price at $129.06 on Binance after opening at $133.69. This drop is primarily attributed to increased SOL deposits to exchanges, signaling potential selling pressure, and broader market volatility affecting major cryptocurrencies. Despite the short-term decline, Solana continues to demonstrate strong network fundamentals, highlighted by surpassing $1 billion in application revenue for two consecutive quarters and ongoing institutional adoption, including partnerships with major banks and recent network upgrades. Trading volume remains robust at over $5.3 billion, and Solana retains a top-6 market capitalization position, reflecting continued market interest even as it tests key support levels around $130.