🔵 Solana ($SOL ) Daily Update | 19 Aug 2025

$SOL

179.56 (-0.63%)

🚨 Market Snapshot :

Current Price: ~$178.57 (≈ -2.16% today)

CMC: $182.54 | CoinDesk: $181.24

➡️ Slight bearish pressure across platforms.

🔥 Key Highlights :

1️⃣ On-Chain & Institutional Flows :

$1.54B memecoin trading volume on Solana 🚀

$176M into Solana-based products 💰

$2.04M inflows into REX Shares’ Solana ETF

DEX liquidations 79% higher than CEX 📉

2️⃣ Alpenglow Upgrade (SIMD-0326) :

Validator vote in progress 🗳️

Could cut block finality from ~12.8s → 100–150ms ⚡

Huge boost for speed & scalability!

3️⃣ Price Action & Technicals :

Range: $181–$193

Support: $175–$180 | Resistance: $200–$210

Breakout zone: $215+ = 🚀 upside potential

Recent rejection near $205 ➝ drop ~8%, finding support at $184.

4️⃣ Throughput Milestone :

Stress test peaked at 80K–100K TPS ⚡

Reinforcing Solana’s edge vs Ethereum.

📊 Quick Summary :

Price: Mid-$180s, slight bearish trend

On-Chain: Heavy memecoin activity + ETF inflows

Upgrade: Alpenglow could be a game-changer

Technical Signal: Rejected at $200, eyes on $215 breakout

Performance: 100K TPS scalability confirmed in tests

👀 $SOL is holding strong despite volatility. If Alpenglow passes, we could be looking at a new chapter for Solana.