SOL Faces Volatility as DeFi Activity Drops, But $500M Institutional Accumulation Signals Strong Interest

Solana (SOL) is currently trading at $156.16 with a 24-hour trading volume exceeding $3 billion, reflecting a 2.60% price decrease from the previous day and notable volatility amid increased trading activity. The recent price decline is primarily attributed to a combination of regulatory scrutiny, uncertainty regarding potential Solana-based staking ETFs, and a 5% weekly drop in Solana’s DeFi total value locked, alongside a 28.2% decrease in decentralized exchange activity. Despite these pressures, institutional interest remains strong, highlighted by Classover Holdings’ announcement to raise $500 million for SOL accumulation, while ecosystem developments such as the Solaxy Layer-2 testnet launch and new DeFi integrations continue to support long-term investor interest.