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Solana price slips near $80 as Goldman Sachs exits and large token sales pressure market.

Market News
31 May 2026
Tokenpost
View Source
Bearish
pluang ai news

Solana (SOL) hovered around $80 after Goldman Sachs fully exited its Solana-related ETF exposure, signaling reduced institutional demand. Large token sales by a major meme-coin platform added selling pressure, contributing to a weakening price momentum despite steady ecosystem activity. Technically, SOL remains below its 50-day moving average, with key support at $78; a break below could lead to deeper declines. Despite short-term price softness, Solana's ecosystem remains active with ongoing governance talks and strong on-chain activity, suggesting potential volatility ahead as market participants watch institutional moves and Federal Reserve signals.

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