After an impressive rally since early 2025, Solana (SOL) is now approaching a critical zone, both technically and psychologically.
While several fundamental factors support its long-term growth, including steady ETF inflows and booming DeFi activity, technical selling pressure and token unlocks from FTX/Alameda raise investor concerns about whether SOL will surge toward $1,000 or fall back to $100.
SponsoredMixed Signals: Strong ETF Inflows vs. Selling Pressure from FTX
According to data from EmberCN, FTX and Alameda recently unstaked 193,800 Solana (SOL) and distributed them to 28 different wallet addresses. This move could create short-term selling pressure on the market.
Meanwhile, ETF flows are showing the opposite momentum. Spot Solana ETFs have recorded 11 consecutive trading sessions of net inflows, with no outflow days since their debut. Total assets under management have now reached $351 million, signaling strong institutional demand. Solana also surpassed Bitcoin and Ethereum to become the coin that attracted the most capital inflows in the market last week.
At the ecosystem level, Solana continues to outperform all other blockchains in DEX trading volume and on-chain application revenue. Notably, SoFi Bank, a regulated US financial institution managing $36 billion in deposits, has enabled its customers to directly purchase BTC, ETH, and SOL from their checking accounts. This move enhances the legitimacy and accessibility of SOL among traditional investors.
As a result, Solana appears to be in a tug-of-war between two opposing forces, technical selling from the bankrupt FTX/Alameda estates versus genuine inflows from ETFs and real users. This balance could lead to short-term volatility, but in the long run, regulated institutional capital remains the more influential driver.
SponsoredThe $80B Market Cap: A Critical Threshold for Solana’s Trend
According to multiple analysts on X, the $80 billion market cap, aligning with the 100-week moving average (100 WMA), represents a crucial technical support zone for Solana. If SOL holds this level, it could target the $1,000 price range within the next 3–6 months. Conversely, if support breaks, SOL may retrace toward the $100 consolidation zone, equivalent to a $50 billion market cap.
In a previous analysis, BeInCrypto also warned that Solana was facing fresh selling pressure after a 20% drop, testing a long-term trendline and risking a drop below the $100 support level.
Other analyses suggest that SOL is undergoing a short-term correction phase. A brief “liquidity sweep” below support could trigger a sharp rebound toward the $176 level, similar to past bullish setups.
However, Polymarket’s prediction data shows only a 1% probability that SOL will reach $300 by November 2025, reflecting still-cautious market sentiment.
From a technical perspective, Solana’s $80 billion market cap acts as the “balance axis” for its mid-term trend. A strong rebound from this level could reignite bullish momentum toward the $180–$200 range.
However, if the buying volume fails to absorb the supply from FTX/Alameda wallets, a decline back to $100 remains possible. At the time of writing, SOL is trading at $152.43, down 1.1% over the past 24 hours.
