Solana Sees Record $804M Stablecoin Inflows; Analyst Foresees Rally to $300
Solana (SOL) recorded a one-day record of $804 million in stablecoin inflows on January 15, according to Artemis, with sustained inflows of $532 million at the time of reporting. Stablecoin supply on Solana hit a record $15 billion (up 200% year-over-year) per TokenTerminal. Solana led chains on net inflows, ahead of Tron ($397M); Ethereum showed negative stablecoin flows despite all-time high new wallet growth. Analyst commentary on X expects SOL could double to $300 if it breaks out from its current accumulation zone, projecting that target possibly by April if buying resumes — with institutional demand (notably via spot SOL ETFs) cited as key. SOL ETF products have seen six consecutive weeks of inflows; on January 15 they took in $8.94 million, lifting total net assets to $1.19 billion (about 1.49% of Solana’s market cap). For traders, rising stablecoin deposits and ETF inflows signal growing on-chain utility and potential demand pressure for SOL, though realization of price targets depends on sustained retail and institutional participation and broader market conditions.
Bullish
The news is bullish for SOL because record stablecoin inflows ($804M in 24h) and a record stablecoin supply on-chain ($15B) both indicate rising on-chain activity and available buying power that can convert into token demand. Consecutive ETF inflows and $1.19B in ETF assets demonstrate growing institutional allocation pathways. Historically, large stablecoin accumulation on a chain has preceded price rallies when liquidity rotates into the native token (examples: past USDC/USDT accumulation on chains preceding token recoveries). Short-term, traders may see upward price pressure and volatility as flows materialize and speculators chase breakouts; a breakout from the identified accumulation zone could trigger rapid gains toward the analyst target. However, realization of a sustained rally depends on broader market risk appetite and continuation of institutional flows — absence of sustained demand or a negative macro shock could reverse gains. Therefore, tactical trading opportunities exist (long on breakout with tight risk management), while longer-term upside requires continued on-chain utility growth and institutional participation.