SOL Token Faces 3.98% Price Dip Amid Security Update, Institutional Activity Signals Possible Stabilization

Solana (SOLUSDT) saw a 3.98% price decline in the last 24 hours, with the current Binance price at 121.92 USDT. This downward movement is primarily attributed to heightened market volatility following recent disclosures of a network security vulnerability, which, despite being patched, affected trader sentiment and contributed to selling pressure. Additionally, the general underperformance of Solana compared to the broader crypto market has amplified bearish sentiment. However, notable institutional activity—including Galaxy Digital’s deposit of 200,000 SOL to major exchanges, $9.6 million in ETF net inflows this week, and R3’s transition to Solana-based tokenization infrastructure—reflects ongoing interest and ecosystem growth, suggesting potential support and stabilization as the market absorbs recent developments.

Current market data indicates robust trading activity, with SOLUSDT’s 24-hour open at 126.97 USDT and trading volume surging across exchanges, alongside a circulating supply of approximately 565.83 million SOL and market capitalization estimates between $67–72 billion. The asset remains under close watch, with key support in the $120–130 range and resistance near $149–153, as participants monitor whether recent events will prompt further volatility or enable recovery.