SOL Token Sees 2.95% Dip as Institutional Buying and SKR Airdrop Fuel Ecosystem Activity

Solana (SOLUSDT) experienced a price decrease of 2.95% over the last 24 hours, with the current price at 142.37 USDT on Binance. The decline can be attributed to technical factors, including a bearish divergence noted near the 146 level and increased profit-taking as SOL approached resistance in the mid-$140s. Despite notable institutional activity—such as Fidelity’s acquisition of 41,430 SOL through ETFs and total ETF net inflows exceeding $10 million—short-term selling pressure has dominated. Additionally, anticipation of the upcoming SKR airdrop and ongoing incentive programs continue to support broader ecosystem interest. Trading volume remains robust, with Binance reporting a 24-hour volume of $4.88 billion and market capitalization near $79.95 billion, reflecting active market participation amid the recent price volatility.