SOL Token Dips 3.84% Amid Lower Trading Volume Despite ETF Launch and Payment Expansion

Solana (SOLUSDT) has experienced a 3.84% price decrease over the past 24 hours, currently trading at $139.82 on Binance, with a 24-hour open of $145.41. The price decline is attributed to reduced trading volumes—down 25% from the previous day—and waning interest in memecoin activity within the Solana ecosystem, despite recent institutional attention following the launch of Solana Spot ETFs and notable prediction market activity. Additional developments, such as Solana Mobile's announcement of the upcoming SKR token and the global payment platform Revolut enabling Solana payments, have generated positive sentiment but have not offset the current market downturn. Solana remains among the top cryptocurrencies by market capitalization, with robust trading volume between $4.75 billion and $5.20 billion in the last 24 hours, and its technical outlook shows consolidation around the $139–$142 range.