Solana (SOL) Price Dips by 0.21% as 24-Hour Trading Volume Plunges by 35.47%

Solana ($SOL) is witnessing a slight decline in terms of price, as the market data reveals. At present, Solana ($SOL) is changing hands at $168.60.

Solana (SOL) showed a slight decrease in value over the past 24 hours, presenting a minor decline. As of the latest market data, Solana (SOL) is currently being traded at $168.60. This price level indicates a minor 0.21% decrease over the previous 24 hours.

Simultaneously, the market capitalization of Solana (SOL) has reached $87.64B at this stage. Additionally, Solana’s circulating supply is up to 519.81M SOL, whereas the total supply is 600.94M.

Solana’s 24-Hour Volume Plunges by 35.47%, Highlighting Short-Term Dip

Sticking to the new market data, Solana (SOL) saw an approximate 35.47% downturn in the case of 24-hour trading volume. As a result of this, its present twenty-four-hour trading volume accounts for $2.31B. This could signify a smaller interest in the token.

Moreover, the full dilution valuation of the crypto token has touched $101.32B.

The present price movement of Solana (SOL) shows that its price is showing stability around the $168-$169. However, the overall downturn is a result of the prevailing uncertain sentiment. In addition to this, the Solana (SOL) investors are becoming more selective about $SOL allocations for crypto portfolios. This has paved the way for a notable plunge in Solana’s volume. But, this appears to be a short-term decrease.

Amid the increased speculation of an approaching altcoin season, Solana (SOL) is likely to make significant progress.

Despite Momentary Pullback, SOL’s Fundamental Stay Strong

At the moment, Solana (SOL) is undergoing a provisional pullback while the fundamentals of the prominent crypto coin remain intact.

Market participants need to keep assessing the risk exposure, particularly in line with the ongoing concerns. Moreover, long-term $SOL holders might consider this an accumulation phase to maximize their yields in the case of a bull run.