Why is Solana falling despite ETF inflows and booming activity?

Solana spot ETF AUM crossed $1 billion by month-end, following $115.3 million in net inflows in May, the best monthly figure of 2026. The market cap of tokenized real-world assets hit $2.8 billion, stablecoin supply crossed $16.4 billion, perps volume reached $64.6 billion, and Solana accounted for 97% of cumulative on-chain tokenized-equity spot trading volume. [ ]