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[SITUATION] · [QUIET]

10 clusters · 43 sources · 60 days · First seen 2 months ago · Last updated 9 days ago

Categories: TECHNOLOGY · BUSINESS

Solana price moves, ETF activity persists

Entities: Solana · U.S. Treasury · Solana (cryptocurrency) · SOL (Solana token) · Bitwise

Overview

After slipping to about $74.13 on July 28 and briefly recovering to near $74 on July 31, Solana (SOL) showed renewed volatility. On July 31 the token traded around $74 with 24‑hour volume of roughly $1.86 billion, holding a key support zone that analysts view as a base for upside toward $78‑$80. The network also introduced the AUTO token, tokenizing near‑prime U.S. auto loans.

By August 2 SOL had fallen to the $67 support level after a sharp decline from a recent high near $240. Traders noted bullish RSI divergence and a chart pattern reminiscent of the 2022‑23 accumulation phase, suggesting a possible multi‑month bottom, though a sustained break above the $95‑$100 resistance would be needed for a stronger recovery.

On‑chain activity remained robust, with weekly DEX volume near $9.8 billion and daily active addresses around 2.16 million. Institutional interest continued through the Morgan Stanley Solana Trust spot ETF and Bitwise’s Solana Staking ETF, which together hold roughly $904 million despite recent net outflows.

Technical indicators still show the $73.75‑$77 zone as a potential base for a longer‑term move toward $100‑$120.

Claims

What the coverage asserts, and how well corroborated each claim is across sources.

[● 3 SOURCES] Solana price declined 2.29% in 24 hours to about $74.11. (price movement reported in all three articles)
[● 3 SOURCES] Solana broke below the $75 support level, triggering sell orders and liquidations. (a61fb3a3-7191-4c85-b9be-c8a92e233f3a, a7dbbaee-00ab-49dc-a02a-936083f6e3d4, 21d25f52-2180-4790-b37a-c7275f7aeb41)
[● 3 SOURCES] The next support zone for Solana is between $73 and $74, with a break possibly testing $70‑$72. (price analysis in all articles)
[● 3 SOURCES] Solana fell to about $74.13 on July 28, down roughly 2.2% in the prior 24 hours. (a61fb3a3-7191-4c85-b9be-c8a92e233f3a, a7dbbaee-00ab-49dc-a02a-936083f6e3d4, 21d25f52-2180-4790-b37a-c7275f7aeb41)
[● 2 SOURCES] Morgan Stanley Investment Management launched the Morgan Stanley Solana Trust, a spot ETF on NYSE Arca with a 0.14% fee that can stake up to 100% of its SOL holdings. (a7dbbaee-00ab-49dc-a02a-936083f6e3d4, 21d25f52-2180-4790-b37a-c7275f7aeb41)
[● 2 SOURCES] Solana’s decentralized exchange volume processed about $9.83 billion over the past seven days, ranking second globally. (21d25f52-2180-4790-b37a-c7275f7aeb41)
[○ 1 SOURCE] Solana ETFs together manage roughly $904 million in assets. (ETF asset figures in the third article)
[○ 1 SOURCE] Derivatives open interest for Solana stands at $4.62 billion with 24‑hour futures volume of $7.04 billion. (derivatives market data in the second article)
[○ 1 SOURCE] Solana has roughly 2.16 million daily active addresses and its stablecoin market cap rose 9.85% to about $16.65 billion. (21d25f52-2180-4790-b37a-c7275f7aeb41)
[○ 1 SOURCE] Spot Solana ETFs recorded net outflows of about $8.6 million, while Bitwise’s Solana Staking ETF saw a $1.03 million net inflow on July 27. (a61fb3a3-7191-4c85-b9be-c8a92e233f3a)
[○ 1 SOURCE] Solana shipped the Firedancer mainnet upgrade (version 1.1.2) during July 2024. (a61fb3a3-7191-4c85-b9be-c8a92e233f3a)
[○ 1 SOURCE] Analysts highlighted $73.75 as a decisive support level for Solana, warning that a breakdown could lead to further decline toward $60. (00501a8f-f087-443f-9670-aa260a5dfac1)

Timeline

9 days ago

[TECHNOLOGY] 9 sources
Solana (SOL) token climbs above key support as volume surges
SOL trades near $74 with 1% gain, holding key support as volume hits $1.86 bn; analysts eye $78‑$80 resistance. AUTO token launches, tokenizing U.S. auto loans. Technicals show bearish EMA and RSI 43.8.
12 days ago

[TECHNOLOGY] 12 sources
Solana slides to $74 as support tests and new ETF debuts
Solana fell to $74, breaking $75 support and testing a $73‑$74 zone. On‑chain metrics stay strong, and Morgan Stanley launched a low‑fee Solana ETF amid broader macro pressure.
17 days ago

[BUSINESS] 2 sources
Morgan Stanley Secures NYSE Arca Listing for Solana ETFs
Morgan Stanley secured NYSE Arca approval for Solana ETFs as daily DEX volume hit $17 bn and the S&P Pantera Index gave Solana a high weight, highlighting growing institutional interest.
about 1 month ago

[BUSINESS] 7 sources
Solana price rebounds on strong ETF inflows and rising on‑chain activity
Solana holds near $80 as ETFs pull in $5.75 M weekly, on‑chain activity spikes, and analysts eye $100‑$120 if support holds.
about 1 month ago

[BUSINESS] 13 sources
Solana climbs above $80 amid price rally and on‑chain governance upgrade
Solana broke $80 in early July, gaining up to 25% weekly. Support sits near $75, resistance at $84‑$85. New on‑chain governance and record $3.6 bn RWA volume signal growing institutional interest.
about 1 month ago

[BUSINESS] 5 sources
Solana’s Staking Market Cap Surges and Spot ETF Assets Top $1 Billion
Solana’s staked market cap rose 13.8% to $32.9 bn, keeping it second to Ethereum, while spot ETF assets exceeded $1.06 bn, signaling expanding institutional interest.
about 1 month ago

[BUSINESS] 9 sources
Solana Gains on Institutional Use, ETF Inflows and Technical Upside
Solana rose 8‑10% to $70‑72, driven by MoneyGram becoming a validator, record $553 M tokenized‑equity volume, $1.1 B in ETF inflows, bullish technical cues and short‑covering.
about 2 months ago

[BUSINESS] 3 sources
MoneyGram Joins Solana as Validator, Advancing Crypto Payments
MoneyGram becomes a Solana validator and joins its developer platform, marking a strategic push for institutional crypto‑payment solutions.
about 2 months ago

[TECHNOLOGY] 5 sources
MoneyGram Becomes Solana Validator to Advance Stablecoin Payment Infrastructure
MoneyGram has become a validator on Solana and joined its developer platform, expanding its blockchain and stablecoin payment strategy.
2 months ago

[BUSINESS] 4 sources
MoneyGram launches MGUSD stablecoin on Stellar blockchain
MoneyGram has issued the USD‑backed MGUSD stablecoin on the Stellar blockchain, integrating it into its global payments platform to cut remittance costs and expand digital services.

Sources

ambcrypto.com · bitcoinist.com · blockchainreporter.net · blockonomi.com · calaboucodamorticiablog.wordpress.com · canceractive.com · captainaltcoin.com · coin-turk.com · coinotag.com · coinpaper.com · coinpedia.org · crypto.news · cryptobreaking.com · cryptobriefing.com · cryptonomist.ch · dmarketforces.com · en.coin-turk.com · en.coinotag.com · finanznachrichten.de · inversion.es · it-boltwise.de · kapitalmarktexperten.de · knausport.nl · krypto-magazin.de · livebitcoinnews.com · merca2.es · mycryptoparadise.com · nourishedbycaroline.ca · nu-vera.com · otravel.com · parhaatvedot.com · spacemoney.com.br · techbullion.com · tekedia.com · themarketperiodical.com · therogueginger.com · tokenpost.com · tradingview.com · tronweekly.com · u.today · watcher.guru · weeklyvoice.com · zebpay.com

This summary has been updated 3 times: see revision history