Solana (SOL) experienced a significant drop of 8% on Thursday, falling below the $180 mark. This decline has erased all of the token’s year-over-year gains, leaving it down 4% so far in 2025.
Despite the recent price drop, the Bitwise Solana Staking ETF (BSOL) saw strong investor interest. The ETF attracted $116 million in net inflows during its first two trading sessions following its launch on Tuesday.
In related activity, Jump Crypto transferred 1.1 million SOL tokens, valued at approximately $205 million, to Galaxy Digital. The implications of this large movement remain to be seen.
For more details, visit CoinCentral.
https://coincentral.com/solana-sol-price-token-falls-8-despite-new-etf-launch/
