NewsBTC

2 July 2025

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Solana’s Wallets Holding Over 0.1 SOL Reach All-Time High

Speculation regarding a potential Solana ETF approval is increasing, with market insiders suggesting regulatory approval may be imminent. If approved, it could lead to significant institutional investment in Solana, similar to past Bitcoin and Ethereum ETF developments. This might enhance long-term growth prospects for the ecosystem.

• The number of wallets holding over 0.1 SOL has reached an all-time high, indicating heightened retail participation and confidence.
• Solana is currently trading below $150, having retraced more than 20% from its May peak due to market consolidation.
• Key support lies between $135–$140; analysts suggest that a sustained price push above $155–$165 could renew bullish momentum.
• Despite recent volatility, on-chain adoption is strong, with over 11.44 million wallets now holding SOL.
• Current trading price is $149.30, facing resistance near $150–$151, where multiple moving averages converge.
• A failure to surpass this resistance may lead to a test of support at $135.

Market conditions remain uncertain, with traders awaiting decisive movements to confirm future trends. The ongoing ETF speculation continues to fuel interest in Solana's potential recovery.