SOL Slides 2% Amid Regulatory Scrutiny, Developer Shifts, Yet Institutional Interest and DeFi Surge Persist

Solana (SOL) is currently trading at $154.14 on Binance, reflecting a 2.03% decline over the past 24 hours, with a 24-hour opening price of $157.33 and strong trading volume around $2.72 billion. The recent price decrease is primarily attributed to ongoing regulatory scrutiny, particularly around proposed Solana-based staking ETFs, and reports of key developer departures within the ecosystem, which have contributed to negative sentiment and increased volatility. Despite this, institutional interest remains robust, as evidenced by major investment plans targeting SOL, and the network continues to see strong DeFi and stablecoin growth, supporting underlying demand.