SOL Token Faces 3.11% Drop Amid Upexi Loss, Bearish Patterns, and Record Ecosystem Activity

Solana (SOLUSDT) experienced a 3.11% price decrease in the last 24 hours, with the current price at 80.10 (Binance), down from a 24h open of 82.67. This decline is primarily attributed to negative market sentiment following Upexi’s reported $179 million treasury loss, largely due to SOL’s price drop and increased volatility. Technical analysis has also pointed to bearish signals, including a head and shoulders pattern and hidden bearish divergence, which have influenced traders and increased selling pressure, as evidenced by net inflows to exchanges. Despite short-term caution, Solana’s ecosystem remains active, highlighted by record DEX volumes, institutional trading developments, and significant token activity, with robust 24h trading volume and a market capitalization ranging between $45.85 billion and $49.91 billion across major platforms.