SOL Token Holds Strong at $141 Despite 18% Monthly Drop and Surging Institutional Interest

Solana (SOL) is currently trading at $141.20 on Binance, reflecting a 2.49% decrease over the past 24 hours from a 24h open of $144.80. The recent price decline is primarily attributed to broader market volatility and sector risk sentiment, as evidenced by a significant 18.08% monthly drop and notable events such as the 62% share price decline of Solana treasury firm Upexi following insider sales. Despite these pressures, Solana continues to attract institutional attention, highlighted by new ETF filings from Grayscale and Invesco/Galaxy Digital, as well as the launch of a Solana reserve by SOL Strategies. Trading volume remains strong at over $3.46 billion in the past 24 hours, and Solana maintains its position as the sixth-largest cryptocurrency by market capitalization, with ongoing ecosystem growth and high validator activity supporting long-term interest.