Solana's price surged 24.40% to $180 following Trump's endorsement for Strategic Reserve inclusion, but then dropped almost 20% to around $140.
FTX and Alameda unstaked 3.03 million SOL tokens, valued at approximately $431.3 million, with 24,799 SOL already transferred to Binance for liquidation.
Net inflows of $195.28 million, the largest since January 2025, were observed on exchanges at the time of the price drop.
Despite the price decline, open interest in SOL derivatives increased 15.80% to $5.05 billion, indicating continued speculative activity.