SOL Token Faces 3.2% Price Dip Amid $60M Liquidations, Yet Ecosystem Activity Surges Past $12B

SOLUSDT experienced a 3.20% price decline over the past 24 hours, opening at 126.70 and currently trading at 122.64 on Binance. This downturn is primarily attributed to a combination of factors, including reduced institutional demand reflected in lower ETF inflows, increased long liquidations exceeding $60 million, and recent market volatility following a prior weekly loss. Despite these bearish market signals, Solana’s ecosystem activity remains strong, with total value locked surpassing $12 billion, approximately 70% of supply staked, and recent integrations and partnerships driving development. Trading volume has surged to $598.56 million USDT on Binance in the past day, and Solana retains a robust market capitalization of approximately $69.3 billion, ranking seventh among cryptocurrencies.