SOL Token Drops 3.9% Amid Solana ETF Launch and Ecosystem Expansion; Key Support Levels Tested

SOLUSDT experienced a 3.90% decrease over the last 24 hours, opening at 144.46 and currently trading at 138.83 on Binance. The price change can be attributed to heightened market volatility following key developments, including Franklin Templeton's launch of a Solana spot ETF and upcoming ecosystem expansions like the SKR token from Solana Mobile. While positive news surrounding institutional adoption and ecosystem growth provided initial bullish momentum, profit-taking and technical resistance at the $140 level led to consolidation and downward pressure. The market saw robust trading volumes and significant price fluctuations, with Solana testing key support levels as traders closely monitor the impact of staking yields and new cross-chain integrations.