Solana news

Solana (SOL) fell almost 4% to $127.46 in the last 24 hours, reversing a recent peak near $145. The decline followed a wave of liquidations in the derivatives market, with almost $390 million of crypto positions liquidated, 348 million of which were long positions. The sell‑off intensified after SOL broke its 20‑day and 50‑day exponential moving averages; volume spiked with a 3‑million‑SOL hour that was more than double the 24‑hour average. Technical analysis shows SOL now trades below a key ascending trendline and near multi‑week support around $128, despite solid fundamentals such as $15 billion in circulating stablecoins and over $1 billion in tokenised real‑world assets. Analysts remain divided: some see the drop as a shake‑out that could push prices back toward $160, while others warn of a deeper slide toward $122 or lower. Recent outflows from Solana ETFs and a broader risk‑off environment add pressure, leaving the $128‑$130 zone as the current battleground for a sustained break or reversal.

SOL Strategies has launched STKESOL, a liquid staking token backed by more than 500,000 SOL, adding a new revenue‑generating product beyond validator operations and strategic SOL holdings. The token lets users stake SOL while maintaining liquidity for DeFi use. STKESOL will be listed on Orca, Squads, Kamino and Loopscale and the firm seeks wider distribution. It employs an automated delegation strategy that spreads user deposits across validators based on its Wiz Score, lowering concentration risk and supporting decentralisation, while earning fees and a share of rewards. SOL Strategies currently holds about 523,000 SOL worth roughly $67 million.

Digital asset investment products recorded $2.17 billion of net inflows last week, the strongest haul since Oct 2025, driven mainly by bitcoin ($1.55 billion) and other major tokens. Ether added $496 million, Solana $45.5 million, and XRP $69.5 million, showing appetite beyond bitcoin. Flows turned negative on Friday, with $378 million outflows amid geopolitical tensions and tariff concerns, including friction around Greenland. U.S. dominated inflows ($2.05 billion), while Germany, Switzerland, Canada, and Netherlands added modest amounts. Blockchain equities gained $72.6 million, indicating continued crypto exposure via public markets.

Solana spot ETFs saw first net outflows in a month as the cryptocurrency’s price slipped to $130, ending a four‑week streak of inflows and reflecting waning institutional confidence amid a failed rally. On‑chain data shows four straight days of net realized losses, and technical analysis signals a likely drop to $128; however, a rebound to $136 could shift sentiment, and if outflows ease, Solana may recover and target $146.

Trove Markets pivoted to Solana after raising over $11.5 million for a Hyperliquid integration. A liquidity partner withdrew 500,000 HYPE tokens, forcing the project to rebuild its perp DEX from scratch. Backers have called for refunds, citing the change of platform, while Trove announced a new token sale and will focus its perpetual trading on collectibles like Pokémon cards and Counter‑Strike skins.

Trove Markets, a planned decentralized perpetuals exchange for collectibles, abandoned its Hyperliquid foundation and is rebuilding on Solana just hours before its TROVE token is set to launch. The shift came after the project's liquidity partner withdrew a 500,000‑token HYPE stake, the security bond required to deploy markets on Hyperliquid. With that stake gone, Trove lost access to the platform’s infrastructure. The move follows a week of turmoil, including a chaotic token sale where the ICO deadline was altered minutes before closing and allegations that funds were funneled to a paid‑promotion influencer. Investors have demanded refunds while the token remains unlisted.

U.S. spot Solana ETFs attracted $23.57 million in Wednesday net inflows, the biggest in four weeks, yet the amount is under 1% of Solana’s daily trading volume, limiting its immediate price impact. Analysts see the move as a potential catalyst to break the coin’s recent flat trend, with some suggesting that sustained ETF demand could lift the price toward $150. Despite the modest inflow, Solana’s fundamentals show pockets of strength—nine of the 22 fastest‑growing $100 million‑revenue firms are built on the network and the meme platform Pump.fun has doubled its active users. However, overall DEX volume, transaction activity and app revenue have declined, and the broader alt‑coin market remains subdued, with privacy coins leading the current rally.

Solana Mobile will airdrop nearly 2 billion Seeker (SKR) tokens on Jan 21, allocating 1.819 billion to 100,908 users and 141 million to 188 developers. Users can check their “seed vault” wallets via the allocation tracker; the airdrop covers 20% of the 10 billion total supply. Claiming unlocks instant staking for rewards. The airdrop ties to the second‑generation Seeker phone, launched in Aug 2025 at about $500. Eligibility depends on phone ownership and on‑chain activity. Solana Mobile emphasizes Seeker as more than a rewards magnet, aiming to build a robust dApp ecosystem and infrastructure.

Bitwise has listed seven Swedish krona‑denominated crypto ETPs on Nasdaq Stockholm, giving Swedish investors regulated exposure to Bitcoin, Ether and Solana. The line‑up includes spot BTC and ETH products backed by institutional custody, staking‑linked ETH and SOL, a diversified MSCI Digital Assets Select 20, and a Bitcoin‑gold hybrid. They are available to retail and professional investors through brokerage accounts and may qualify for Sweden’s ISK tax‑advantaged structure. The launch follows Bitwise’s European expansion, after acquiring ETC Group and listing products on the London Stock Exchange and SIX Swiss Exchange. In the US the firm has filed for a Stablecoin & Tokenization ETF, launched a Solana Staking ETF, and submitted a Sui ETF proposal, with more than 100 crypto ETPs expected to debut in 2026 following new SEC listing standards.

Oobit, a Tether‑backed wallet, has added native Phantom support, letting users pay with Visa directly from their non-custodial Solana wallet. The DePay layer converts the stablecoins at the point of sale into fiat and deposits the funds instantly into the merchant’s bank account, allowing one‑tap payments with full control until approval. DePay operates in Brazil, South Korea, the Philippines, Thailand and the U.S., and Oobit partnered with Bakkt for nationwide coverage. Solana co‑founder Anatoly Yakovenko co‑led a $25 million Series A round, and the OOB token migrated from Ethereum to Solana in 2025.