SOL today put in a new intraday high of $109 and held for less than a few hours before dropping back to $103.27.
First, price. It touched $109 during the session at the intraday high, then got pushed back to $103.27. In the last 24h, -2.25%; the 24h range was $102.28 to $107.94. Funds that chased late in the afternoon started to pull out.
Second, zoom out. Month-to-date +39.67%, 7-day +10.03%. This round isn’t just blindly tracking BTC—it has its own rhythm.
Third, on-chain. DefiLlama data as of 8/28: DeFi TVL is $5.917B, 24h DEX trading volume is $3.485B, stablecoin supply is $15.996B, and daily active addresses are 2.65 million. Fundamentals haven’t broken down—when it dips, there are still people ready to buy.
Let’s see how it plays out.
First, price. It touched $109 during the session at the intraday high, then got pushed back to $103.27. In the last 24h, -2.25%; the 24h range was $102.28 to $107.94. Funds that chased late in the afternoon started to pull out.
Second, zoom out. Month-to-date +39.67%, 7-day +10.03%. This round isn’t just blindly tracking BTC—it has its own rhythm.
Third, on-chain. DefiLlama data as of 8/28: DeFi TVL is $5.917B, 24h DEX trading volume is $3.485B, stablecoin supply is $15.996B, and daily active addresses are 2.65 million. Fundamentals haven’t broken down—when it dips, there are still people ready to buy.
Let’s see how it plays out.
