SOL Token Holds $130 Amid 2.98% Drop, $4.88B Volume Signals Resilient Market Activity

Solana (SOL) is currently trading at $131.89 on Binance, reflecting a 24-hour decline of 2.98% from the previous open of $135.94. The recent price drop is primarily attributed to ongoing market volatility and increased sell-offs reported near the end of Q2 2025, as highlighted by concerns over SOL potentially falling below the $130 support level. Despite this downward movement, SOL continues to defend the $140 support zone and maintains high trading activity, with a 24-hour volume of $4.88 billion and a market capitalization of $70.61 billion. The network remains stable and decentralized, and overall market sentiment is cautious but supported by continued community engagement and positive long-term analyst outlooks.