Solana grabs 95% of tokenized equity as traders debate if SOL bottom is in
Solana captured 95% of tokenized equity trading activity, with $1.29 billion in trading volume. Analysts debate whether $60 is the bottom for SOL.
Intelligence analysis by Llama 3.3 70B
Solana's tokenized equity trading volume reached a record high, while analysts are divided on whether SOL has reached its bottom.
Solana is a platform that allows people to trade tokenized stocks, and it just had a big surge in activity. Some people think the price of Solana's coin, SOL, has already hit its lowest point, while others think it might still go down. It's like trying to guess when a rollercoaster will stop going down and start going back up.
Analysis
Tokenized Equity Trading on Solana
Solana has seen a significant surge in tokenized equity trading, with $1.29 billion in trading volume, accounting for 95% of activity across all chains. This growth is largely driven by the release of SpaceX's IPO token, SPCX. The total value locked (TVL) on Solana stands near $5.7 billion, which is well below its all-time high of roughly $13 billion from September 2025.
The growth in tokenized equity trading on Solana can be attributed to the platform's ability to provide fast and secure transactions. The release of SpaceX's IPO token, SPCX, has also contributed to the surge in trading volume. However, the TVL on Solana is still below its peak, indicating that capital committed to DeFi applications has not returned to peak-cycle levels.
Debate on SOL's Bottom Price
Analysts and traders are divided on whether SOL has already entered a durable bottoming phase. Some argue that the price has already fallen about 77% to $60, from its cycle peak near $295, and that an 80%–85% decline would place SOL in the $45-$60 range, the most attractive accumulation zone. Others argue that SOL could trend higher sooner rather than later based on the weekly bullish divergence with respect to the relative strength index (RSI) following an 80% drawdown.
Implications for Investors and Traders
The debate on SOL's bottom price has significant implications for investors and traders. If SOL has indeed reached its bottom, it could be an attractive accumulation zone for investors. However, if the price continues to decline, it could result in significant losses for investors. Traders should exercise caution and conduct thorough research before making any investment decisions.
The growth in tokenized equity trading on Solana is a positive sign for the platform, but the debate on SOL's bottom price highlights the uncertainty and volatility in the cryptocurrency market. Investors and traders should stay informed and adapt to the changing market conditions to make informed decisions.
Key points
- Solana captured 95% of tokenized equity trading activity
- Analysts debate whether $60 is the bottom for SOL
- Tokenized equity trading on Solana reached a record high
If SOL has indeed reached its bottom, it could be an attractive accumulation zone for investors, potentially leading to significant gains in the long run. The growth in tokenized equity trading on Solana could also indicate a growing interest in the platform, leading to increased adoption and usage.
If the price of SOL continues to decline, it could result in significant losses for investors. The uncertainty and volatility in the cryptocurrency market could also lead to a decline in investor confidence, potentially affecting the overall market.
