Solana has experienced a drop below $160, primarily attributed to the DeFi Development Corporation halting its ambitious $1 billion fundraising plan for a Solana acquisition. Despite this setback, optimism surrounding the potential for an Exchange-Traded Fund (ETF) continues to thrive, suggesting a bullish long-term outlook for the cryptocurrency. Investors remain hopeful that new developments in the ecosystem will drive demand and bolster Solana’s price in the coming months. Stay tuned for updates as the situation evolves, especially with ongoing ETF discussions set to potentially reshape the market landscape.