Key Insights
- Solana information: Giant order e book statistics reveal whales are nonetheless shopping for SOL at latest lows.
- Stablecoin provide soars to a brand new historic excessive at $16.44 billion.
- Solana internet flows cool all the way down to ranges final seen in early October.
Solana native coin, SOL, simply concluded yet one more week within the purple, with worth retreating to its 6-month assist degree.
Whereas the assist retest underscored weak demand, latest knowledge means that whales may be shopping for the dip.
In response to the newest Solana news, whales have been taking benefit in the course of the consolidation part. SOL’s giant order e book statistics revealed that whales have been shopping for the dip within the final 3 days.
For context, whales acquired SOL price over $14 million collectively on Coinbase, Binance, and OKX since Friday. Furthermore, the identical class of merchants executed over $284 million price of lengthy positions.
The whale exercise didn’t essentially spotlight sturdy demand, nevertheless it did reveal that the whale cohort was assured sufficient to check the waters at latest lows.
This exercise was additionally noticed at a vital degree with SOL worth hovering close to its 6-month low.
Though the SOL worth was in a transparent consolidation zone, short-term worth actions have been calling the photographs.
It is because macro components launched long-term uncertainty, therefore SOL’s slim vary within the final 3 weeks.
The pullback since mid-week highlighted weak demand as indicated by the RSI’s failure to push above its 50% degree. In different phrases, prevailing demand remained comparatively weak.
Solana Stablecoin Depend Soars to New All-time Highs
Whereas SOL price remained comparatively subdued, the Solana community exhibited development in different key areas. Solana’s stablecoin rely maintained an total upside over the previous couple of months.
In additional Solana information replace, the community maintained the identical development this month. The Solana stablecoin market cap soared as excessive as $16.44 billion, which marked a brand new all-time excessive.
Rising Solana stablecoin market cap signaled that liquidity was flowing into an ecosystem. This can be a optimistic development marker that would sign that traders are prepared to maneuver worth inside the Solana ecosystem.
Past the stablecoin scope, Solana maintained relative stability so far as community exercise was involved. The community had roughly 15.65 million energetic addresses within the final 7 days.
Weekly community exercise remained on the identical degree for the final 4 weeks. This means that it leveled out after cooling down considerably, in comparison with Q2 2025’s barely elevated ranges.
Nonetheless on community exercise, it nonetheless outperformed Ethereum when it comes to transaction quantity. Current knowledge revealed that Solana transactions have been 48 instances larger than Ethereum transactions.
Internet Flows Cool All the way down to Early October Ranges
Though Solana stablecoin exercise has been rising, its internet flows could provide a greater image of the state of worth circulate inside the networks.
Internet flows dropped to $11191.5 million between 8 December and 14 December.
For context, weekly internet flows peaked at $331 million from 6th to 12th October. This was the very best weekly internet flows that the community registered within the second half of 2025.
The declining internet flows symbolize the worth flowing between Solana and different networks.
This worth normally goes up throughout bullish instances or when market confidence is excessive, which is coincidentally displays larger community utilization.
The at present declining weekly internet flows within the ecosystem replicate a cautious stance throughout the market.
Whereas this provides an honest snapshot of liquidity flows and market confidence, it nonetheless highlights vital exercise.
