Solana’s 7% Pullback Isn’t Slowing Demand: Here’s the $150 Setup

Cryptopotato2026/09/01 18:57

By:Cryptopotato

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

Solana was trading near $102 on Tuesday, down more than 7% from its recent seven-month high of nearly $110. The recent price weakness has not stopped signs of stronger demand from building across the network.

According to Ali Martinez, Solana recorded an average of 9.5 million new addresses per day over the past week, a level of growth the analyst considers an important adoption signal and one that has historically preceded major rallies.

Bullish Factors

Larger investors are also becoming more active. Wallets holding at least 10,000 SOL rose 1.58% after adding 52 new whale wallets to the network. At the same time, US spot Solana ETFs extended their streak of weekly net inflows to nine weeks. These funds attracted almost $154 million in capital last week. Interestingly, Bitwise’s Solana Staking ETF, BSOL, recently surpassed $1 billion in assets under management within 10 months.

Meanwhile, exchange balances are moving in the opposite direction, as seen with SOL held on exchanges dropping 4.91% after the withdrawal of roughly 2.6 million tokens over the past week.

Holding support and breaking those two levels could set up a move toward $150.

  if (!window.AdButler){(function(){var s = document.createElement("script"); s.async = true; s.type = "text/javascript";s.src = 'https://servedbyadbutler.com/app.js';var n = document.getElementsByTagName("script")[0]; n.parentNode.insertBefore(s, n);}());} var AdButler = AdButler || {}; AdButler.ads = AdButler.ads || []; var abkw = window.abkw || ''; var plc631314 = window.plc631314 || 0; document.write('<'+'div id="placement_631314_'+plc631314+'"> '); AdButler.ads.push({handler: function(opt){ AdButler.register(183000, 631314, [300,250], 'placement_631314_'+opt.place, opt); }, opt: { place: plc631314++, keywords: abkw, domain: 'servedbyadbutler.com', click:'CLICK_MACRO_PLACEHOLDER' }}); 
 

Other Key Developments

Solana saw several major developments this week. This includes the conclusion of its first binding on-chain governance vote, which was followed by a 25% increase in network speed, taking slot times from 400ms to 300ms. Separately, Charles Schwab announced plans to add SOL to Schwab Crypto Direct.

Additionally, Solana’s RWA holder base also crossed 350,000, while xStocksFi topped $500 million in AUM across more than 700 tokenized assets. Tokenized commodities on the network also reached a record $50 million in supply, and Solana became the leading network by total x402 transaction volume.

var rnd = window.rnd || Math.floor(Math.random()*10e6); var pid1321375 = window.pid1321375 || rnd; var plc1321375 = window.plc1321375 || 0; var abkw = window.abkw || ''; var absrc = 'https://servedbyadbutler.com/adserve/;ID=183000;size=0x0;setID=1321375;type=js;sw='+screen.width+';sh='+screen.height+';spr='+window.devicePixelRatio+';kw='+abkw+';pid='+pid1321375+';place='+(plc1321375++)+';rnd='+rnd+''; document.write('

');

Tags:

Solana (SOL) Price

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

The "New Federal Reserve Newsletter" pointed out that before the release of the CPI, Waller suggested the possibility of a 50-basis-point rate hike in December, and so far, no other Fed officials have publicly responded. In addition to a single 50-basis-point hike, the Fed may also choose to signal consecutive rate hikes in December and January. Wall Street generally believes that inflationary pressures remain stubborn, further strengthening the case for a rate hike in December, though a 50-basis-point increase is not a consensus. The market is concerned about whether the Fed will extend the tightening cycle.

华尔街见闻•2026/11/10 18:25

CPI Deals a Blow to US Bonds! 2-Year Yield Surges Over 20 Basis Points Intraday, Gold and Silver Plunge

After the release of the CPI, traders began to expect a lower likelihood of a 50 basis point rate hike in December; this year’s Federal Reserve voting member Logan stated that a faster pace of rate hikes may be needed this winter, with at least two more 25 basis point hikes required before pausing. Subsequently, the rise in U.S. Treasury yields continued to widen, with the 10-year yield climbing back above 5.0% and rising more than 10 basis points intraday; spot gold once fell over 3%, while spot silver at one point dropped more than 4%.

华尔街见闻•2026/11/10 18:25

Historical Data Reveals When XRP Could Peak This Cycle

CryptoNewsNet•2026/11/10 17:27

GUCCI’s parent company targets the traditional gold business

全天候科技•2026/11/10 16:40