Market Snapshot & Price Insights
Current Price: Around $181.44, with minor intraday volatility.
Other Sources:
CoinMarketCap shows ~$182.54, down approximately 5.4% over 24 hours.
Blockworks reports ~$181.50, down ~5.5% from yesterday.
Price Range Context: Solana faced rejection from ~$205.34, slipped below key support at ~$184.13, and if pressure continues, may test down to ~$174 or even ~$160.
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Network Development & Technical Performance
Record Throughput: During stress tests, Solana hit a peak of 107,540 TPS, though many transactions were no-op calls.
The network continues to demonstrate high scalability and remains a top contender among Layer-1 blockchains.
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Key Events & Market Activity
Whale Activity: A large holder moved 98,000 SOL $SOL
(~$10 million) to Binance, raising speculation about possible increased market sell pressure.
Profit Realization: Long-term holders of Solana realized around $105 million in daily profits—marking a record among crypto assets.
Cross-Chain Expansion: 1inch launched bridge-less cross-chain swaps from Solana to 12 EVM networks, boosting utility, liquidity, and security.
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Broader Market & Investor Trends
Investor Focus: Alongside projects like Remittix and Cardano, Solana remains a top target for investors hoping to gain exposure before September 2025.
Remittix Buzz: Solana whales are also funneling funds into Remittix (PayFi), eyeing its upcoming launch and real-world payment potential.
ETF Speculation: The U.S. SEC has deferred decisions on several Solana-related ETF proposals until October.
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Summary Overview
Category Highlights
Price Status ~$181–182, down 5–6% in the last 24h; testing support around $184 with potential downside to $160–174
Network Health Record TPS (~107K) showcased in stress tests; Solana remains highly scalable
Market Activity Large whale transfer to Binance; long-term holders cashing in record profits
Ecosystem Growth 1inch cross-chain swaps enhance utility; Remittix garners whale interest
Regulatory Angle SEC delays on ETF approvals, potential catalyst in October
