SOL Token Sees Whale Accumulation and Stablecoin Growth Amid Market Dip and $2.28B Trading Volume

Solana (SOLUSDT) experienced a price decrease of 2.41% over the last 24 hours, as reported by Binance, primarily attributed to a broader market cooldown and bearish sentiment. Despite the price decline, significant whale accumulation has been observed, with large traders purchasing over $14 million worth of SOL, alongside substantial long positions, indicating continued institutional confidence. Additionally, robust growth in Solana's stablecoin market cap, reaching a new high of $16.44 billion, and positive ecosystem developments such as USDC minting and anticipated ETF launches have supported investor interest. SOLUSDT is currently trading at 130.10 USDT, with a 24-hour trading volume exceeding $2.28 billion and market capitalization between $73.05 billion and $74.91 billion, reflecting ongoing substantial activity and liquidity.