My take on Solana lately: Fundamentally, it’s stronger than ever, but its price is weaker than it’s been in months.
This is the kind of divergence traders fear most.
Technology — the biggest leap in two years
October just wrapped up with two major upgrades: slot time was cut from 400 ms to 200 ms on October 9, and Alpenglow went live on mainnet on October 21, bringing finality down from ∼12.8 seconds to just ∼150 milliseconds.
The network just hit the 1,000-day mark without an outage since the halt in February 2024. This matters because Solana used to be criticized for going down frequently.
Adoption — it’s no longer just about meme coins
The Foundation’s October report: tokenized assets (RWA) on Solana reached a record $5B, DEX volume was ∼$60B/month, and 14 million addresses held stablecoins.
J.P. Morgan brought its tokenized money market fund to Solana through Morgan Money; Securitize is tokenizing stocks; Samsung Wallet supports USDC transfers; and Fiserv and Western Union are using Solana for payments and remittances.
Fidelity reported that Solana’s share of trading on U.S. exchanges rose from 0.30% in 2022 to 15% in 2024.
Price — under heavy pressure
From its late-September high of ∼$124, SOL fell to around $89–92, down ∼20% in 30 days, and is now testing the 200-day MA at $88.93. On November 5, it briefly dropped 6.5% to $89.47.
Spot Solana ETFs saw record net outflows of $71.47M in one week, followed by four consecutive sessions with zero inflows; on November 6, another ∼$25M flowed out. Meanwhile, network revenue in the first half of 2026 was only $141M, down 87% year over year from 2025.
#TheoDõiFOMC $SOL
This is the kind of divergence traders fear most.
Technology — the biggest leap in two years
October just wrapped up with two major upgrades: slot time was cut from 400 ms to 200 ms on October 9, and Alpenglow went live on mainnet on October 21, bringing finality down from ∼12.8 seconds to just ∼150 milliseconds.
The network just hit the 1,000-day mark without an outage since the halt in February 2024. This matters because Solana used to be criticized for going down frequently.
Adoption — it’s no longer just about meme coins
The Foundation’s October report: tokenized assets (RWA) on Solana reached a record $5B, DEX volume was ∼$60B/month, and 14 million addresses held stablecoins.
J.P. Morgan brought its tokenized money market fund to Solana through Morgan Money; Securitize is tokenizing stocks; Samsung Wallet supports USDC transfers; and Fiserv and Western Union are using Solana for payments and remittances.
Fidelity reported that Solana’s share of trading on U.S. exchanges rose from 0.30% in 2022 to 15% in 2024.
Price — under heavy pressure
From its late-September high of ∼$124, SOL fell to around $89–92, down ∼20% in 30 days, and is now testing the 200-day MA at $88.93. On November 5, it briefly dropped 6.5% to $89.47.
Spot Solana ETFs saw record net outflows of $71.47M in one week, followed by four consecutive sessions with zero inflows; on November 6, another ∼$25M flowed out. Meanwhile, network revenue in the first half of 2026 was only $141M, down 87% year over year from 2025.
#TheoDõiFOMC $SOL
