Solana (SOL) Surges Past $80 as Wall Street Institutions Load Up on ETFs

TLDR

• SOL rallied 4.3% over the last day, reclaiming the $80 price level
• On-chain transaction volumes reached an all-time monthly high in February, exceeding July 2025 figures
• Price remains confined within a $76–$90 trading corridor for more than 30 days, facing resistance at $90
• Major financial institutions accumulated $540M in US spot Solana ETF positions during Q4 2024
• Electric Capital and Goldman Sachs emerged as top buyers with $137.8M and $107.4M in holdings respectively

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Solana (SOL) has reclaimed the $80 threshold following a 4.3% surge over the past day. Market activity intensified significantly, with trading volume soaring 76% to reach $4 billion.

[[IMG_4]]Solana (SOL) Price

This trading volume accounts for over 8% of SOL’s circulating supply market capitalization, indicating robust accumulation around the $80 price point.

For over 30 days, SOL has been consolidating within a tight $76 to $90 corridor. Earlier this week, the asset tested $90 resistance before experiencing a sharp 10% correction over several days.

This rejection confirms persistent selling pressure at the $90 threshold. However, aggressive buying emerged near $80, successfully defending this critical support zone.

Technical indicators are turning bullish as the Relative Strength Index (RSI) recently pushed above its 14-period moving average on the 4-hour timeframe. A decisive break above the 60 RSI level would confirm strengthening upward momentum.

During the latest U.S. trading hours, a technical buy signal materialized on the 1-hour chart. These signals typically emerge at significant price zones accompanied by elevated volume.

Network Transactions Reach Historic Monthly Peak

The Solana network handled 882 million transactions over the past seven days. This figure sits merely 8% below the network’s all-time high recorded in early February.

[[IMG_5]]Source: Artemis

When measured monthly, February’s transaction throughput surpassed the volumes seen in July 2025, despite SOL trading at $172 during that period. Such elevated network activity historically coincides with bull market conditions.

The divergence between increasing blockchain utilization and declining token price presents an anomaly. One potential explanation involves widespread liquidations occurring on meme coin platforms such as Pump.fun, which would inflate transaction metrics without reflecting genuine user growth.

According to Artemis data, weekly active wallet addresses have also climbed. Whether this uptick represents authentic user engagement or liquidation-related transfers remains to be determined.

Institutional Investors Deploy $540M Into Solana ETFs During Q4

United States spot Solana ETFs debuted in October 2024 following Bitwise’s SEC approval on October 28. Since their introduction, institutional adoption has accelerated substantially.

According to Bloomberg ETF analyst James Seyffart’s research, the leading 30 institutional investors acquired over $540 million in Solana ETF positions throughout Q4 2024.

Electric Capital topped the list with $137.8 million in holdings. Goldman Sachs secured second position with $107.4 million in exposure.

Registered investment advisers represented $270 million of total purchases. Hedge fund managers contributed $186.4 million to institutional holdings.

Notable participants include Morgan Stanley and Citadel Advisors. Collectively, the $540 million institutional investment corresponds to approximately 4.3 million SOL tokens.

Bloomberg’s Eric Balchunas highlighted that institutions filing 13F forms control 50% of all Solana ETF assets. Cumulative net inflows into US spot Solana ETFs have crossed $952 million since their October launch.

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