SOL Token Dips 4.26% Amid ETF Launch News, $250M USDC Mint, and Robinhood Staking Surge

Solana (SOL) experienced a 4.26% decline over the past 24 hours, with the SOLUSDT pair trading at 147.49 as of the latest Binance data. This price movement follows a period of heightened volatility driven by several significant developments, including the announcement of the first U.S. Solana staking ETF set to begin trading on July 2, 2025, and increased institutional interest reflected in rising SOL futures open interest. Additionally, Circle’s minting of $250 million USDC on Solana and Robinhood’s introduction of SOL staking for U.S. users have contributed to increased on-chain activity and liquidity. Despite the recent pullback, Solana maintains strong trading volumes (24h volume around $3.65 billion) and a robust market capitalization of approximately $78.57 billion, underscoring its continued prominence in the cryptocurrency market.