SOL hovered between $97 and $107 for a week, and no one moved the $103 line.
Today there are 3 things, all numbers, no adjectives.
First, price. Binance’s real-time SOL is $103.67, down 1.1% over 24 hours. The range is $102.44 to $105.93. 24h trading volume: 193 million SOL, about $200 million in value. BTC is $78,727, ETH is $2,489. The three stocks all slid slightly lower today at the same time; SOL neither lagged nor outperformed, just grinding along with the broader market.
Second, on-chain. The value of SOL network RWA assets crossed $4 billion on August 23, a new network high. At the end of Q1, it was only $2.01 billion—doubling in half a year. Token Terminal data: tokenized stocks on the SOL chain rose from $62.58M a year ago to $725.9M this September, a 11x increase. SOL’s share in the RWA sector is still rising, without stopping.
Third, ETFs. Net inflows for U.S. spot SOL ETFs last week fell to just $4.9 million, down 97% from the previous week’s $142.7 million. Over the same period, BTC ETFs were $986.7 million and ETH ETFs were $215.3 million—SOL ETF money was left behind that week. Institutional money is flowing back to BTC and ETH, and isn’t really going to SOL.
Prices don’t move, but there’s activity on-chain; money is being redistributed.
Today there are 3 things, all numbers, no adjectives.
First, price. Binance’s real-time SOL is $103.67, down 1.1% over 24 hours. The range is $102.44 to $105.93. 24h trading volume: 193 million SOL, about $200 million in value. BTC is $78,727, ETH is $2,489. The three stocks all slid slightly lower today at the same time; SOL neither lagged nor outperformed, just grinding along with the broader market.
Second, on-chain. The value of SOL network RWA assets crossed $4 billion on August 23, a new network high. At the end of Q1, it was only $2.01 billion—doubling in half a year. Token Terminal data: tokenized stocks on the SOL chain rose from $62.58M a year ago to $725.9M this September, a 11x increase. SOL’s share in the RWA sector is still rising, without stopping.
Third, ETFs. Net inflows for U.S. spot SOL ETFs last week fell to just $4.9 million, down 97% from the previous week’s $142.7 million. Over the same period, BTC ETFs were $986.7 million and ETH ETFs were $215.3 million—SOL ETF money was left behind that week. Institutional money is flowing back to BTC and ETH, and isn’t really going to SOL.
Prices don’t move, but there’s activity on-chain; money is being redistributed.
