SOL Token Drops 4.89% Amid Surging ETF Inflows, Whale Short Positions, and Rising Trading Volume

The SOLUSDT pair declined by 4.89% in the last 24 hours, dropping from 133.67 to 127.14 on Binance, attributed primarily to increased short positioning by large holders and heightened market volatility following recent ETF inflows and whale activity. The launch of a staked Solana ETF in the U.S. briefly boosted price sentiment, but failed to sustain momentum amid prevailing bearish structure and technical resistance. Currently, Solana is trading at 127.14 with a 24-hour trading volume of $460.21 million on Binance, a significant uptick, while its overall market cap stands near $72 billion, ranking it among the top cryptocurrencies.