SOL pulled back 7% to $102 but demand remains strong with 9.5M new daily addresses and $154M inflows into spot ETFs.
Macro & Markets ·
Solana's price retreated over 7% to around $102, yet underlying demand metrics suggest sustained interest in the network. Daily new address creation averaged 9.5 million, while wallets holding at least 10,000 SOL grew by 1.58%. US spot Solana ETFs accumulated nearly $154 million in capital over the prior week, and approximately 2.6 million SOL moved off exchanges, tightening available supply.
Network activity and investor positioning have strengthened despite the price pullback. An on-chain governance vote improved network speed, and Charles Schwab announced plans to add SOL to its cryptocurrency offerings. Tokenized assets on the network have also grown significantly.
The setup leaves open whether inflows and exchange outflows reflect conviction or tactical accumulation during a dip, and whether regulatory or competitive headwinds may dampen the momentum indicated by these metrics.