Solana (SOL) slipped into a mild pullback on May 5, trading around $84.46 as market participants zeroed in on whether the token can hold a key near-term support level. While the price was down 1.14% over the past 24 hours, trading activity surged—often a sign that traders are positioning for a larger move.
According to CoinMarketCap data as of 11:58 a.m. UTC on May 5, SOL was changing hands at $84.46, giving the layer-1 network a market capitalization of roughly $48.68 billion. The token ranked seventh across the crypto market and accounted for about 1.83% of total market value.
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