{"id":24267,"date":"2026-03-23T15:47:18","date_gmt":"2026-03-23T15:47:18","guid":{"rendered":"https:\/\/bitunikey.com\/news\/solana-rips-upwards-6-as-chain-is-trading-like-100-while-sol-is-stuck-under-95\/"},"modified":"2026-03-23T15:47:24","modified_gmt":"2026-03-23T15:47:24","slug":"solana-rips-upwards-6-as-chain-is-trading-like-100-while-sol-is-stuck-under-95","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/solana-rips-upwards-6-as-chain-is-trading-like-100-while-sol-is-stuck-under-95\/","title":{"rendered":"Solana rips upwards 6% as chain is trading like $100 while SOL is stuck under $95"},"content":{"rendered":"
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Solana is handling 100M+ daily transactions and $650B in monthly stablecoin volume while SOL trades below $95, leaving traders to decide if a $100+ rerating is overdue.<\/p>\n

\n
\n Summary<\/span>\n <\/div>\n
\n
    \n
  • Solana is processing over 100 million transactions a day and $650 billion in monthly stablecoin volume, outpacing every other major chain.<\/li>\n
  • Spot SOL ETFs have attracted around $1 billion\u2013$1.5 billion in net inflows despite SOL trading roughly 57% below post\u2011ETF highs.<\/li>\n
  • Analysts see a potential breakout if SOL can clear resistance near $92\u2013$100, with ETF flows and derivatives positioning acting as key catalysts.<\/li>\n<\/ul><\/div>\n<\/div>\n

    <\/p>\n

    Solana (SOL) is trading around the low\u2011$90s after a series of 5\u20137% daily moves, even as its underlying network posts activity figures normally associated with far richer valuations. Dune Analytics data shared by Solana Payments shows the blockchain processing roughly 105.3 million transactions per day as of February 19, 2026, \u201cmore than all other major blockchains combined.\u201d In February alone, Solana handled about 3.4 billion transactions excluding votes, one of its most active months on record. At the same time, research cited by Grayscale shows the network processed about $650 billion in stablecoin transfers in February, more than doubling its previous record and overtaking both Ethereum and Tron in monthly stablecoin volume.<\/p>\n

    <\/figure>\n

    According to a price outlook from crypto.news, SOL spent early March consolidating near $88\u2013$89 with a market cap around $50 billion, \u201ca blue\u2011chip alt that has forgotten how to trend\u201d after a brutal February drawdown. On March 4, Solana emerged as the standout top\u201110 performer with a 6% jump to $91.45 and a market cap near $52 billion, as 24\u2011hour trading volume surged to $7.5 billion and the volume\u2011to\u2011market\u2011cap ratio climbed to 14.4% from a 30\u2011day average of 11.2%. Another 5.12% daily advance pushed SOL to about $91.46 as ETF inflows rose and whale wallets staked roughly 200,000 SOL worth over $17 million, reinforcing support in the $84\u2013$86 band.<\/p>\n

    ETFs, derivatives and the \u201cforgotten\u201d rerating trade<\/h1>\n

    Behind the price, regulated products are quietly building a structural bid. U.S. spot Solana ETFs are near the $1 billion net\u2011inflow mark and have attracted about $1.5 billion since launch, even as SOL\u2019s price has fallen roughly 57% from its July 2025 levels, according to Bloomberg data cited by multiple analysts. \u201cSolana ETFs recorded $16.8 million in net inflows on Monday, lifting cumulative inflows to $1.09 billion,\u201d one recent report noted, with the Bitwise Solana Staking ETF alone drawing over $638 million. Crypto.news has reported that around 30 institutions now hold about $540 million in SOL ETF exposure, highlighting how much of this demand is institutional rather than purely retail.<\/p>\n

    <\/p>\n

    Those flows are increasingly shaping the tape: Bitwise analysis suggests spot ETF flows now account for around 25% of SOL\u2019s price variance, while basis trades remain subdued. Recent derivative market data shows open interest hovering near $5.01 billion, funding rates turning positive and long\u2011to\u2011short ratios hitting monthly highs as SOL traded above $89 after a roughly 10% weekly gain. Technical forecasters at crypto.news say a sustained move into the $95\u2013$105 range is possible if buying pressure persists, with upside confirmation coming on a clear break above $100.<\/p>\n

    Can price catch up with the chain?<\/h1>\n

    The core question for traders is whether SOL\u2019s price can catch up to a chain that already looks like a high\u2011throughput payments and stablecoin backbone. Network statistics indicate Solana is handling around 150 million transactions per day and supporting roughly $2 trillion in quarterly stablecoin transfers, placing it \u201cat the center of the stablecoin economy\u201d according to recent market research. Grayscale and Standard Chartered analysts argue that the activity shift away from memecoins toward payments and tokenized finance justifies structurally higher valuations, with one 2026 base case targeting $250 per SOL and a bull case extending to $320 if ETF flows and technical upgrades land cleanly.<\/p>\n

    Yet technical risk remains. Crypto.news analysis notes that SOL still trades in a broad $80\u2013$100 \u201ctrap,\u201d with $80 acting as crucial support and $96\u2013$116 marked out as the zone that would \u201creopen structural recovery\u201d if reclaimed. Bears warn that a confirmed break below $80 could trigger a slide toward $64 or even the $59 head\u2011and\u2011shoulders target flagged on multi\u2011day charts. For now, the market is paying blue\u2011chip prices for a chain that is already settling hundreds of billions a month in stablecoins\u2014but not yet the full premium implied by its usage. Whether that gap closes via a rerating higher or a normalization of activity will define Solana\u2019s next leg.<\/p>\n

    <\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

    Solana is handling 100M+ daily transactions and $650B in monthly stablecoin volume while SOL trades below $95, leaving traders to decide if a $100+ rerating is overdue. Summary Solana is…<\/p>\n","protected":false},"author":1,"featured_media":150,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-24267","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\/24267","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=24267"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/24267\/revisions"}],"predecessor-version":[{"id":24268,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/24267\/revisions\/24268"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/150"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=24267"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=24267"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=24267"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}