Over the past 24 hours, it’s down 3.6%, with the low touching 88.4. Its market cap has slipped below 52 billion, and there’s been a net outflow of $9.2 million over the last 24 hours. The price is down nearly 70% from its all-time high of 294. Listed companies’ average holding price is $232, and they’re sitting on an unrealized loss of nearly $1 billion—at any moment, they may not be able to hold on and end up cutting losses.

In May, cumulative ETF inflows exceeded 90 million, with total inflows surpassing 1.05 billion. Institutions are taking the buys despite the headwinds. The candlestick chart tells you that the price has been ranging in the 85–100 zone for a month. With today’s drop, volume has expanded, but the lower Bollinger Band has been breached.

First thing: Payment giants aren’t here just to play around.

Western Union announced stablecoin settlement will go live in May, connecting over 200+ countries worldwide. Cash can be directly exchanged into USDPT and routed via Solana. Visa’s stablecoin settlement on Solana is running an annualized trading volume of $7 billion. Meta supports USDC direct payments to Solana wallets in Colombia and the Philippines.