SOL Token Sees 3.78% Drop Amid $33.6M ETF Inflows and High Volatility on Binance

Solana (SOLUSDT) experienced a 3.78% price decrease over the last 24 hours, with the current price at 127.17 USDT according to Binance data. The price movement is primarily attributed to mixed market sentiment driven by technical uncertainty, institutional inflows into Solana spot ETFs totaling $33.6 million, and developments such as Binance’s launch of zero-fee trading for SOL/USDT and new spot trading pairs. Additionally, the recent Firedancer upgrade initially triggered a brief price increase, while large wallet withdrawals and persistent "Extreme Fear" sentiment among traders contributed to heightened volatility and pressure on the asset. Trading volume on Binance reached 3.91 million SOL, reflecting active participation amid a broad intraday price range and ongoing ecosystem developments.