SOL Token Sees 3.32% Price Drop Amid Surging Volume and ETF Inflow Impact

SOLUSDT experienced a 3.32% price decline over the past 24 hours, with the current Binance price at $128.31 compared to a 24h open of $132.72. This downturn is primarily attributed to technical factors, including a break below major volume support and the point of control, as highlighted in recent market analysis. Increased trading activity is evident, with the 24-hour volume surging to approximately $6.13 billion, likely fueled by investor responses to both a reported net inflow into the US Solana spot ETF and heightened interest in network developments such as the Solayer $35 million fund and new validator launches. Despite strong trading volumes and active network participation, the price trend remains under pressure from bearish momentum and recent shifts in market structure.