Solana trades near $120 as ETF inflows and stablecoin supply grow
Image: CoinGapeSolana traded around $120, with one report saying it rose to $120.86 on September 25 for the first time since January 29. US spot Solana ETFs drew $32.81 million in net inflows on September 24, and historical net inflows totaled $1.52 billion. A later report said Solana ETFs bought 2.32 million SOL worth about $278 million over two weeks, with total assets at $2.283 billion. Solana's stablecoin supply reached an all-time high above $17 billion.
Key points
- Solana traded around the $120 level in both reports.
- Both reports describe a strong recent SOL price move.
- Both reports cite Solana ETF inflows as part of the demand backdrop.
Why it matters
The reported ETF inflows and stablecoin supply growth are demand factors around Solana's $120 level. The reports differ on ETF asset totals and whether $120 was cleared.
What's unclear
One report says SOL cleared $120 on September 25, the other later describes $120 as resistance it could break above.
Solana ETF assets are given as near $1.81 billion after September 24 inflows and $2.283 billion total AUM after two weeks.
Price context · SOL
At publication
$118.15
Now
$117.86
Change since
−0.25%
7 days · dashed line = publication
Sources · 2 publishers
AMBCrypto
Tier 2
Solana: Can record $17B stablecoin supply push SOL above $120?
Coverage timeline
- First reported by CoinGape
- Confirmed by AMBCrypto
- CryptoVideos brief published
How this brief was made. Our system found this event in 2 independent publications, summarised two complete reports with AI and checked every number above against the source text. Sources are linked in full. Not financial advice. Report an error
