SOL (Solana) increased by 4.88% in the past 24 hours, currently trading at $145.67

Gate News Bot Message, January 14th, according to CoinMarketCap data, as of press time, SOL (Solana) is trading at $145.67, up 4.88% in the past 24 hours, reaching a high of $147.31 and a low of $132.82, with a 24-hour trading volume of $6.951 billion. The current market capitalization is approximately $82.334 billion, an increase of $3.834 billion from yesterday.

Solana is a leading high-performance public blockchain globally, dedicated to building infrastructure for internet capital markets, supporting payments, crypto applications, and a diverse ecosystem. The network has processed over 4.771 billion transactions, with an average daily transaction volume of 350 million, a transaction throughput of 2849 transactions per second, and over 50 million active addresses monthly. The Solana ecosystem has attracted top global institutions and fintech companies such as Western Union, Visa, PayPal, and Blackstone to build on it, with widespread applications in on-chain asset tokenization, DeFi, and payment settlement.

Important recent news about SOL:

1️⃣ Ecosystem stablecoin supply hits new high, USDC issuance exceeds $4.25 billion Circle has issued an additional $1 billion USDC on the Solana network, bringing the total USDC issued on this network since 2026 to $425 million. The continuous increase in stablecoin supply reflects strong demand for DeFi and payment applications within the Solana ecosystem, providing a solid foundation for on-chain transactions and asset liquidity. This trend supports the ongoing expansion of the SOL ecosystem.

2️⃣ Institutional holdings accelerate concentration, corporate SOL reserves increase by 12% Upexi has signed a $36 million convertible note agreement with Hivemind Capital Partners, expected to increase Upexi’s SOL holdings by 12% to over 2.4 million tokens, making it the second-largest corporate SOL holder after Forward Industries. Meanwhile, FTX/Alameda has解除了近19.6万枚SOL的质押锁定，价值约2800万美元。Institutional accumulation and restructuring of SOL indicate market participants’ confidence in the network’s long-term prospects. Large position changes often serve as early signals of price upward movement.

3️⃣ Spot ETF continues net inflows, US market institutional allocation remains strong The US Solana spot ETF recorded a net inflow of $10.67 million in the past 24 hours, with Bitwise SOL ETF BSOL experiencing a single-day net inflow of $8.56 million. The total net asset value of Solana spot ETFs has reached $1.14 billion, with cumulative net inflows surpassing $828 million. This reflects growing interest among US institutional investors in SOL assets, and ETF capital inflows support a medium-term upward trend in asset prices.

4️⃣ On-chain capital flows accelerate, large holdings frequently adjusted In the past week, major institutional addresses such as Wintermute and Fireblocks have frequently transferred large amounts of SOL, with single transfers ranging from 45,000 to 82,300 tokens. Meanwhile, several whale addresses are adjusting their derivatives positions, shifting from short to long positions, with holdings reaching hundreds of millions of dollars. These on-chain capital movements indicate that market participants’ optimism about SOL’s future is strengthening.

5️⃣ Ecosystem development tools improving, developer attraction increasing Phantom wallet now supports cross-chain asset swaps to Bitcoin, providing users with more convenient liquidity management solutions; X platform is about to launch version 1 of its smart asset tagging, expected within the next month, which will enhance Solana’s exposure in social finance. Additionally, the XStable project supported by the Solana Foundation has completed several million dollars in funding and was selected for the Solaris accelerator, focusing on decentralized precious metal perpetual contract trading engines. The improvement of ecosystem tools and infrastructure lowers development barriers and helps attract more innovative projects to build on Solana.

Technical outlook: SOL has stabilized above the key $140 level, maintaining an upward short-term trend, with the 100-hour simple moving average providing support. If the $145 resistance is effectively broken, the next target is the $150 psychological level. Based on current bullish momentum and ecosystem capital flow resonance, SOL remains in a relatively strong operational phase.

This message is not investment advice. Investors should be aware of market volatility risks.