Neutral
Solana's price dips below $130 amid market-wide pullback; on-chain data suggests potential recovery.
Over the past 24 hours, Solana's price has fallen below the $130 mark, influenced by a broader market downturn. However, on-chain metrics indicate a possible rebound, with increased whale accumulation and a decline in exchange-held SOL tokens.
Key points
- Solana's price drops below $130 amid market-wide pullback.
- Whale addresses holding 1,000 to 10,000 SOL have increased sharply since late November 2025, now holding about 48 million SOL, or about 9% of the total circulating supply.
- The SOL balance on exchanges dropped by 5 million to 26,058,693, levels last seen on Jan. 12, 2023, indicating reduced sell pressure.
- Daily active addresses have increased by 51% over the last seven days to a six-month high above 5 million, reflecting robust user engagement.
Sources
- Solana slips below $130, but onchain data points to a recovery caseTradingView News · October 9, 2026
- Solana (SOL) Price Rebounds From $205 Dip as Institutions Accumulate and $232 Target EmergesTradingView News · October 9, 2026
- Solana Fakeout Flip Shocks Bears as Bullish Divergence BuildsCoinPaper · October 9, 2026
- Solana (SOLUSD) Is up 1.03% on Sep 23: Key Drivers to WatchTradingKey · September 23, 2026
AI-generated from public news sources. Not financial advice.
