Solana Price Slips 20% After ETF Debut, Analysts Eye $156 Rebound

Solana entered the new week under pressure despite several network milestones and growing institutional ￰0￱ token traded around $156.55 , down 3.04% in 24 hours and nearly 20% lower over the past ￰1￱ drop followed a strong rally driven by ETF launches and corporate accumulation that now appears to be cooling off amid broader market ￰2￱ Activity Boosts Solana Ecosystem Over the weekend, Solana achieved major milestones, including the debut of the Solana Staking ETF (BSOL) on the New York Stock ￰3￱ launch attracted strong investor attention, with $284 million in inflows across Solana-linked ETFs, according to SoSoValue data. Additionally, Grayscale expanded its exposure with the GSOL trust, reflecting continued institutional interest in Solana’s network despite short-term market turbulence.

Meanwhile, global payment firms such as Visa and Shopify have continued integrating Solana’s blockchain into their payment ￰4￱ Union’s move to build stablecoin remittance rails exclusively on Solana also underscores confidence in its high-speed, low-cost ￰5￱ developments indicate deepening adoption that could support the network’s long-term ￰6￱ Industries’ Position and Market Impact One of the largest corporate investors in Solana, Forward Industries , Inc., has faced steep unrealized ￰7￱ firm, which purchased 6.82 million SOL at an average of $232, holds a position now worth about $1.2 billion down roughly $382 ￰8￱ share price has plunged nearly 74% from a $39.6 peak to $10.44, bringing its market value below the worth of its Solana ￰9￱ unusual valuation gap highlights market stress, where the company’s net asset value now trades below parity (mNAV Analysts Eye Critical Technical Levels