SOL Price Slumps Despite $400M ETF Inflows; Market Share 9%
Solana ETF inflows have topped $400m since late October, yet SOL price has plunged over 30% month-on-month and 16% this past week.
The token broke a 211-day uptrend and fell below key supports at $170, $160, and now trades near the $155–160 demand zone.
On-chain data shows Solana’s Layer-1 fee market share has slumped from above 50% to just 9% as competitors like Hyperliquid and BNB Chain gain traction.
Technical indicators remain bearish, with RSI near 30 and a negative MACD. A sustained close below $155 could drive SOL toward $120–$100.
Despite these headwinds, Solana ETF inflows continue to underpin demand. Upside hinges on reclaiming $185–190 to target $210–$225.
Major holder Forward Industries faces a $382m unrealized loss on 6.82m SOL, underscoring persistent weakness. Traders should track Solana ETF inflows and price action around support levels for signs of reversal or further downside.
Bearish
Despite strong Solana ETF inflows, SOL price has broken key supports and faces bearish technical indicators. The slump in Layer-1 market share and unrealized losses by major holders underscore continued selling pressure. In the short term, failure to reclaim support zones could trigger deeper declines toward $120–$100. In the long term, ongoing network development and ETF demand offer resilience, but current fundamentals have yet to restore bullish momentum.