SOL Token Dips 4% Amid Nasdaq Crypto Index Listing and $5B Trading Surge

Solana (SOL) experienced a 4.02% price decline over the past 24 hours, with the current price at $159.99 and a 24-hour opening price of $166.69 (Binance data). The price drop follows a period of strong bullish sentiment driven by several key developments, including Solana’s addition to the Nasdaq Crypto Index, discussion of potential spot ETF approvals by the SEC, and increased institutional interest from major asset managers. Despite these positive drivers, short-term profit-taking and broader market volatility have contributed to the recent pullback. Trading volume remains robust, exceeding $5 billion in the last 24 hours, and Solana maintains a market capitalization above $84 billion, ranking #6 among cryptocurrencies. Overall, SOL’s recent price action reflects both heightened investor anticipation around regulatory decisions and ongoing ecosystem growth, balanced by near-term market corrections.