# Solana price moves, ETF activity persists > Live situation record from CLSTR: https://clstr.news/situations/moneygram-stablecoin-expansion > Updated: 2026-07-31T09:21:56.000Z. Sources: 43. Developments: 10. 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 - Solana price declined 2.29% in 24 hours to about $74.11. (corroborated by 3 sources) - Solana broke below the $75 support level, triggering sell orders and liquidations. (corroborated by 3 sources) - The next support zone for Solana is between $73 and $74, with a break possibly testing $70‑$72. (corroborated by 3 sources) - Solana fell to about $74.13 on July 28, down roughly 2.2% in the prior 24 hours. (corroborated by 3 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. (corroborated by 2 sources) - Solana’s decentralized exchange volume processed about $9.83 billion over the past seven days, ranking second globally. (corroborated by 2 sources) - Solana ETFs together manage roughly $904 million in assets. (single source) - Derivatives open interest for Solana stands at $4.62 billion with 24‑hour futures volume of $7.04 billion. (single source) - Solana has roughly 2.16 million daily active addresses and its stablecoin market cap rose 9.85% to about $16.65 billion. (single 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. (single source) - Solana shipped the Firedancer mainnet upgrade (version 1.1.2) during July 2024. (single source) - Analysts highlighted $73.75 as a decisive support level for Solana, warning that a breakdown could lead to further decline toward $60. (single source) ## Timeline ### 2026-07-31: 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. 9 sources. https://clstr.news/cluster/solana-sol-token-climbs-above-key-support-as-volume-surges ### 2026-07-28: 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. 12 sources. https://clstr.news/cluster/solana-falls-to-74-as-morgan-stanley-launches-solana-etf ### 2026-07-22: 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. 2 sources. https://clstr.news/cluster/morgan-stanley-secures-nyse-arca-listing-for-solana-etfs ### 2026-07-05: 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. 7 sources. https://clstr.news/cluster/solana-price-aims-for-120-after-holding-7577-support ### 2026-07-02: 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. 13 sources. https://clstr.news/cluster/solana-price-rises-to-30day-high-as-tokenized-asset-activity-surges ### 2026-06-30: 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. 5 sources. https://clstr.news/cluster/solanas-staking-market-cap-surges-and-spot-etf-assets-top-1-billion ### 2026-06-26: 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. 9 sources. https://clstr.news/cluster/solana-gains-institutional-support-as-moneygram-joins-as-validator ### 2026-06-24: 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. 3 sources. https://clstr.news/cluster/moneygram-joins-solana-as-validator-advancing-crypto-payments ### 2026-06-22: 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. 5 sources. https://clstr.news/cluster/moneygram-joins-solana-as-validator-expands-stablecoin-services ### 2026-06-02: 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. 4 sources. https://clstr.news/cluster/moneygram-launches-mgusd-stablecoin-on-stellar-blockchain --- Cite as: Solana price moves, ETF activity persists. CLSTR, https://clstr.news/situations/moneygram-stablecoin-expansion