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June 17, 2025

Solana’s SOL Faces Sell-Off Despite Rising Institutional Adoption

Solana’s SOL token has dropped by 4.24% in the last 24 hours, trading at $149.46. This decline follows a sell-off that took the price down from a peak of $158.54. During this volatile period, trading volumes surged as SOL broke below the crucial $155 support level late Monday. The price found temporary stability at $148.68, but the market remains choppy around the $150 mark. This situation has raised questions about Solana’s recent institutional adoption narrative as the market fluctuates.

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