Solana (SOL) Price: Buy Signal Flashes as Institutions Quietly Stack Solana ETFs

TLDR

• SOL jumped 4.3% in 24 hours and is trading back above $80
• February transaction volumes on Solana hit a monthly record, surpassing July 2025 levels
• SOL is stuck in a $76–$90 range for over a month, with $90 acting as resistance
• Wall Street institutions bought $540M worth of US spot Solana ETFs in Q4 2024
• Electric Capital and Goldman Sachs were the two biggest ETF buyers at $137.8M and $107.4M

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Solana (SOL) is trading above $80 again after a 4.3% gain in the past 24 hours. Trading volume jumped 76% during that same period, reaching $4 billion.

Solana (SOL) Price

That volume represents more than 8% of SOL’s circulating market cap, which points to strong buying activity at the $80 level.

SOL has been moving between $76 and $90 for more than a month. The price hit $90 earlier this week before pulling back more than 10% in just a few days.

That pull back shows there is selling pressure at $90. But buyers stepped in near $80, keeping the floor intact.

The Relative Strength Index (RSI) just crossed above its 14-period moving average on the 4-hour chart. A move above the 60 level on the RSI would signal that bullish momentum is building.

On the 1-hour chart, a buy signal appeared during the American trading session. This type of signal tends to show up at key price levels with above-average volume.

On-Chain Activity Hits Monthly Record

Solana processed 882 million transactions last week. That’s just 8% below the all-time high set in early February.

Source: Artemis

Monthly transaction volumes in February actually exceeded those from July 2025, when SOL was trading at $172. That level of activity typically shows up during bull markets.

The gap between rising network usage and falling price is unusual. One possible explanation is mass liquidations across meme coin platforms like Pump.fun, which would drive up transaction counts without signaling new user demand.

Weekly active users are also up, according to data from Artemis. Whether that reflects genuine new activity or liquidation-driven transfers is still unclear.

Wall Street Poured $540M Into Solana ETFs in Q4

US spot Solana ETFs launched in October 2024 after Bitwise received SEC approval on October 28. In the months since, institutional interest has been strong.

Data from Bloomberg ETF analyst James Seyffart shows the top 30 institutional holders bought over $540 million worth of Solana ETFs in Q4 2024.

Electric Capital led the group with $137.8 million in exposure. Goldman Sachs came in second at $107.4 million.

Investment advisers accounted for $270 million of the total. Hedge fund managers held $186.4 million.

Morgan Stanley and Citadel Advisors were also among the buyers. In total, the $540 million in ETF holdings was backed by roughly 4.3 million SOL tokens.

Bloomberg’s Eric Balchunas noted that 50% of Solana ETF assets are held by 13F-filing institutions. Total inflows into US spot Solana ETFs have reached $952 million since launch.

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