Solana’s native token, Solana (SOL), traded near $83 on Wednesday after failing to hold above the $85 mark, extending its decline as investor momentum cooled and exchange-traded fund (ETF) inflows slowed. At the time of writing, SOL was trading at around $83.40, posting a modest 0.4% gain over the past 24 hours. Despite the slight daily increase, the broader trend remains under pressure. The token has fallen 5.7% over the past seven days and remains down more than 43% over the previous year. Weak ETF demand adds pressure to price action Solana’s recent decline has coincided with fading institutional enthusiasm tied to spot crypto investment products.
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