Solana: Resilient Despite Price Drop Following ETF Launch

Despite experiencing a significant price drop of up to 20% this week, Solana’s second-largest activity week ever was marked by strong transactional volume and continued institutional interest. This resilience is attributed to the blockchain’s ability to deliver high throughput and low fees for mass market applications. Notably, Solana’s co-founders—Anatoly Yakovenko and Raj Gokal—alongside notable institutional actors like ETF investors have maintained strong engagement despite short-term market fluctuations.