Solana Today's News: Spot ETF demand surges, SOL price breaks $137

As of January 6, Solana broke through $137, gaining 7% weekly. Spot ETF saw weekly inflows of $16.24 million, hitting a new high since mid-December, with total net assets surpassing $1 billion. Stablecoin supply rebounded to $15.32 billion, clearly indicating a buyer-dominated trend. Technical analysis shows a breakout from the wedge pattern, stabilizing above the 50-day EMA, RSI surged to 63, with a target of $150.61.

Spot ETF Capital Inflows Hit New High Since Mid-December

(Source: SoSoValue)

Since its launch on October 28, institutional demand for Solana has continued to grow. Data from SoSoValue shows that the Solana spot ETF recorded $16.24 million in inflows on Monday, the highest single-day inflow since mid-December. Additionally, total net assets this week have exceeded $1 billion, indicating sustained institutional interest. If inflows continue and intensify, SOL’s price may experience a rally.

This return of institutional buying aligns with the V-shaped reversal logic of Bitcoin Coinbase premium index. Year-end selling pressure at the end of December forced institutions to liquidate losing positions for tax optimization. As the new fiscal year begins in 2026, these funds start reallocating. The Solana spot ETF, as a compliant channel for institutional participation in the Solana ecosystem, naturally becomes a preferred target for capital inflow.

Breaking through $1 billion in total net assets is a significant milestone. It not only signifies institutional recognition of Solana’s long-term prospects but also elevates Solana from a “high-risk altcoin” to an “institutional-grade allocation target.” As ETF net assets continue to grow, issuers need to buy equivalent SOL in the spot market for backing, providing passive buying pressure that supports price appreciation.

If the inflow trend persists, the total net assets of Solana’s spot ETF could surpass $1.5 to $2 billion in the first quarter. Such institutional holdings will significantly reduce circulating supply, as ETF-held tokens are usually locked in custodial cold wallets for the long term. Supply contraction combined with rising demand creates a classic recipe for sustained price increases.

Dual Validation: Stablecoin Market Cap and Whale Activity

(Source: DefiLlama)

Data from DefiLlama shows that the total supply of SOL stablecoins has been rising since early January, now reaching $15.32 billion. The activity and value growth of SOL project stablecoins indicate a positive outlook, as this will boost network usage and attract more users to the ecosystem. Stablecoin market cap is one of the core indicators of blockchain health, directly reflecting the scale of on-chain economic activity.

When users transfer USDC, USDT, and other stablecoins onto the Solana chain, it signals their readiness to engage in trading, lending, or other DeFi activities within the ecosystem. Rising stablecoin market cap shows capital inflow into Solana rather than outflow. The $15.32 billion stablecoin market cap makes Solana the third-largest stablecoin blockchain after Ethereum and Tron, solidifying its central position in the DeFi ecosystem.

CryptoQuant’s summary data indicates that both spot and futures markets for Solana show large orders, market cooling, and a buyer-dominated trend, suggesting a bullish outlook. All these factors imply trader sentiment is improving, hinting that the upcoming days could see continued bullish momentum. Large orders often indicate whale or institutional accumulation, which can provide strong support for prices due to their scale and long-term holding strategies.

Market cooling refers to the normalization of previously high leverage ratios and financing rates. During Solana’s rapid rise, financing rates were often extremely high, an unsustainable overheating. Currently, the market is rising gently under healthy leverage conditions, making the upward trend more sustainable and less prone to sudden liquidations triggered by unexpected events.

Three On-Chain Indicators Signal Strengthening

Stablecoin Market Cap Rebound to $15.32 Billion: Indicates capital inflow into the Solana ecosystem, with on-chain economic activity heating up. Such capital inflows often lead price movements by 1 to 2 weeks, serving as a leading indicator.

Increased Whale Activity: Rising large order volume suggests major holders are accumulating positions. Whale accumulation behavior is usually based on in-depth research and long-term judgment, offering high reference value.

Enhanced Buyer Dominance: The comparison of buy and sell pressures in spot and futures markets shows buyers have overtaken sellers. This shift in dominance often marks the beginning of a trend reversal.

Technical Breakout from Wedge Pattern Targets $150

(Source: Trading View)

On December 26, Solana’s price broke above the descending wedge pattern’s upper trendline (formed by connecting multiple highs and lows since early October). By Monday, the price had risen over 12%, closing at $163.45, above the 50-day exponential moving average (EMA). As of Tuesday, SOL traded above $137.

If SOL continues upward, the rally may extend to the next resistance at $150.61, which is its 100-day moving average. This level is a key mid-term trend inflection point; breaking and holding above it would confirm a full trend reversal. On the daily chart, RSI is at 63, above the neutral 50, indicating increasing bullish momentum.

The Moving Average Convergence Divergence (MACD) shows a golden cross, with green bars breaking above neutral levels, further supporting bullish outlook. The MACD golden cross is a classic trend reversal signal, where the fast line crosses above the slow line from below, often indicating an upward trend start. Currently, MACD not only shows a golden cross but also the histogram turns positive, double confirming the strengthening bullish force.

Conversely, if SOL experiences a pullback, it may continue downward and find support near the weekly level of $126.65. This level is the lower boundary of the previous consolidation zone and a critical short-term support line. If this support fails, Solana could retest $120 or even lower levels.