Analysis of Solana (SOL) price fluctuations accompanying the launch of its first staking ETF in the United States:
Key volatility phases
1. Pre-launch expectations
News of the U.S. Securities and Exchange Commission (SEC) approving the Solana ETF with integrated staking option (REX-Osprey SOL + Staking ETF known as SSK) began to spread in late June, causing the price to rise by about 5–7%, approaching $159–161.
Daily trading doubled, reaching a trading volume of about $4.8 billion.
2. The peak around the launch
At the closest point to the official launch on July 2, the price reached about $159–160.
This rise was driven by optimism from traditional investors looking for staking yields without technical complications.
3. Correction after the start
Immediately after launch, we witnessed a rapid decline ranging between 7–8% within 24 hours, dropping the price to around $145.
This correction reflects profit-taking selling pressure, and the presence of supply from DApp wallets, including unlocking positions worth hundreds of millions of dollars.
Influencing factors:
1. Launch of ETF through C-Corp entity to avoid SEC delays is a strong attraction, but with a lack of significant institutional flow so far (Grayscale SOL Trust assets are approximately $75 million compared to $10 billion for ETHE).
2. SOL opens more than $585 million, increasing supply and putting pressure on the price.
3. (Pump.fu) sold more than $400 million SOL in 2025 in some applications, increasing market pressure.
Future currency forecasts:
• Some analysts indicate that surpassing the daily moving average (20-day EMA at $137) could push SOL towards levels of $167–180.
