Solana’s network growth spikes 124%—a surge worth watching.
- Since early September, Solana’s daily wallet creation rose 124% to about 1.71 million new wallets per day; daily active addresses are up 58% to around 4.27 million unique wallets.
- SOL trades near $115 after a 3% decline, breaking four‑hour channel support after a rejection near $120; focus now $114, with $111 as a possible next level. Traders note corrections can become opportunities.
- Institutional inflows slowed: September spot SOL ETFs pulled in more than $271 million, while October has seen only $1.30 million in a single day and over $22 million net outflows. Stablecoin activity hit new highs—over 14 million addresses hold stablecoins and the network now supports more than $15 billion in stablecoin supply.
Do you think this user‑driven momentum can offset the recent institutional outflows for SOL?
#Solana #SOL #Crypto #Stablecoins
- Since early September, Solana’s daily wallet creation rose 124% to about 1.71 million new wallets per day; daily active addresses are up 58% to around 4.27 million unique wallets.
- SOL trades near $115 after a 3% decline, breaking four‑hour channel support after a rejection near $120; focus now $114, with $111 as a possible next level. Traders note corrections can become opportunities.
- Institutional inflows slowed: September spot SOL ETFs pulled in more than $271 million, while October has seen only $1.30 million in a single day and over $22 million net outflows. Stablecoin activity hit new highs—over 14 million addresses hold stablecoins and the network now supports more than $15 billion in stablecoin supply.
Do you think this user‑driven momentum can offset the recent institutional outflows for SOL?
#Solana #SOL #Crypto #Stablecoins