{"id":12616,"date":"2025-10-05T19:05:28","date_gmt":"2025-10-05T19:05:28","guid":{"rendered":"https:\/\/bitunikey.com\/news\/solana-eyes-all-time-high-as-stablecoin-supply-etf-inflows-grow\/"},"modified":"2025-10-05T19:05:42","modified_gmt":"2025-10-05T19:05:42","slug":"solana-eyes-all-time-high-as-stablecoin-supply-etf-inflows-grow","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/solana-eyes-all-time-high-as-stablecoin-supply-etf-inflows-grow\/","title":{"rendered":"Solana eyes all-time high as stablecoin supply, ETF inflows grow"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Solana resumed its strong uptrend on Sunday, Oct. 5, as the crypto market jumped, its stablecoin supply hit a record high and the staked SOL ETF inflows jumped.\u00a0<\/p>\n<div id=\"cn-block-summary-block_8e1dc8771d079399dba27c386fd2929f\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>SOL has surged to $236\u2014its highest price since Sept. 21 and up 150% from this year\u2019s low\u2014driven by strong fundamentals and bullish technical signals. <\/li>\n<li>A key catalyst is the rapid growth of stablecoins on the Solana network, which hit a record $15 billion in circulation, led by USD Coin and Tether. Institutional interest is also rising, reflected in the $404 million REX-Osprey SOL + Staking ETF (SSK), launched in July. <\/li>\n<li>Analysts see this as a sign of broader confidence in Solana, with expectations of future ETF approvals by the SEC. Further momentum could come from Solana\u2019s upcoming Alpenglow upgrade, which aims to enhance network performance.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Solana (SOL) token jumped to a high of $236, its highest level since Sept. 21, and up 150% from its yearly low. Its strong fundamentals and technicals suggest that the coin may jump to a record high this year.\u00a0<\/p>\n<p>Aside from new stablecoin legislation, a major catalyst for the SOL price is that stablecoin growth is accelerating. According to <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/defillama.com\/stablecoins\/Solana\" target=\"_blank\" rel=\"nofollow\">DeFi Llama<\/a>, the total supply in the ecosystem jumped to a record high of $15 billion. That\u2019s up sharply from the year-to-date low of $5.4 billion.\u00a0<\/p>\n<p>USD Coin boasts over $10.76 billion in assets. It is followed by Tether\u2019s USDT, which has over $2.45 billion PayPal USD, with $614 million in assets.\u00a0<\/p>\n<p>Another major catalyst for the Solana price is the ongoing growth of the REX-Osprey SOL + Staking ETF, whose ticker symbol is SSK. This fund, which was launched in July, has accumulated over $404 million in assets under management.\u00a0<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>SSK\u2019s growth is a sign that American institutional investors are optimistic about Solana and other top cryptocurrencies. For example, Bitcoin and Ethereum ETFs have had over $74 billion in inflows since last year.<\/p>\n<p>Therefore, this performance is a sign that investors will buy other Solana ETFs once they are approved by the Securities and Exchange Commission, possibly this month.\u00a0<\/p>\n<p>SOL price will also benefit from the Alpenglow upgrade, which will happen in the coming months.\u00a0<\/p>\n<h2 class=\"wp-block-heading\">Solana price technical analysis\u00a0<\/h2>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">SOL price chart | Source: crypto.news<\/figcaption><\/figure>\n<p>The daily timeframe chart shows that the SOL price has rebounded in the past few days. This rebound started after it moved to a low of $190, its lowest level on Sept. 26. Its lowest level aligned with the lower side of the ascending channel.\u00a0<\/p>\n<p>Solana price has jumped above the 50-day and 100-day Exponential Moving Averages and is approaching the upper side of the ascending channel at $253. A move above that level will point to more gains, potentially to a record high of $295.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Solana resumed its strong uptrend on Sunday, Oct. 5, as the crypto market jumped, its stablecoin supply hit a record high and the staked SOL ETF inflows jumped.\u00a0 Summary SOL&hellip;<\/p>\n","protected":false},"author":1,"featured_media":4085,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-12616","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/12616","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=12616"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/12616\/revisions"}],"predecessor-version":[{"id":12617,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/12616\/revisions\/12617"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/4085"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=12616"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=12616"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=12616"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}