Overview

Solana’s native token, SOL, recently fell below $144, trading at $143.38 on June 19, 2025. This decline of 1.21% happened despite positive institutional backing, such as Canadian firm Sol Strategies’ filing with the SEC to list on Nasdaq under the ticker symbol STKE.

What You Should Know

• SOL dropped to $143.38 after losing momentum above $147.80, ending close to session lows despite substantial institutional support.
• Sol Strategies filed for an SEC listing on June 18 to enhance its Solana ecosystem strategy.
• The company manages over 420,000 SOL tokens, valued at more than $61 million, yet bearish momentum prevails around key support levels.

Market Analysis Highlights

SOL demonstrated a 24-hour range from $143.23 to $147.80, showing a swing of 2.83%. Key resistance stood at $147.80 after a failed breakout attempt previously. Notably, SOL’s price action remains within a persistent horizontal range, indicating fragile market sentiment.

Disclaimer: Portions of this article were generated with AI assistance and reviewed for accuracy. For more details, see CoinDesk’s AI Policy.