Solana [SOL] holders have doubled down on the altcoin and elevated publicity to a record excessive of 166.9 million SOL.
Based on Token Terminal information, the newest record possession meant that SOL was the fourth-largest held L1 token, rating behind Binance [BNB], Ethereum [ETH], and Tron [TRX].
On the finish of 2025, SOL had 154.2 million distinctive holders, implying the present possession has elevated by 8.2% in Q1 2026.
By extension, this additionally meant there was a powerful curiosity in the altcoin amongst holders in the course of the crypto rout. Because the October crash, SOL’s price has declined from $224 to $84, marking a 63% drawdown. Over the identical interval, token holders surged 12% from 148.9 million to the present all-time excessive of 166.9 million.
Whereas this can be a bullish sign, the tempo of outflows from the token has remained subdued on the price charts.
SOL outflows hit $18 billion
A key issue in gauging SOL’s sentiment is thru the Realized Cap, which tracks capital inflows into the asset.
Since final October, the metric has dropped from a record $96.9 billion to $78.5 billion, a whopping $18.2 billion in capital outflows from SOL.
Though the metric is a lagging indicator, previous rebounds marked native and cycle bottoms, adopted by a sustained rally. On the time of writing, the metric was but to print a reversal signal regardless of SOL consolidating current losses across the $75-$93 price vary.
In different phrases, capital inflows weren’t sturdy sufficient to elevate SOL’s price regardless of having record token holders. However all will not be misplaced. Based on CoinShares, Solana and XRP led final week’s altcoin inflows. SOL’s inflows stood at $34.9 million, marking practically a 4x hole towards XRP’s $120 million.
If XRP continues to draw 4x capital inflows than SOL, the previous may entrance a stronger rebound than the latter.
In the meantime, SOL’s price surged about 7%, rising from $78 to $87 after the Iran ceasefire provided broader market reduction. If the bidding extends into the weekend, the mid-vary of $85 could possibly be reclaimed, providing a pathway to the vary excessive of $90-$93 or a 9% potential achieve.
Nevertheless, the altcoin may slip again to $77 if momentum fades.
Ultimate Abstract
- SOL token holders hit an all-time excessive of about 167 million in April, marking a 12% improve since final October.
- Nevertheless, the altcoin noticed $18.2 billion in capital outflows in the previous few months, which has decreased the percentages of a sustainable price restoration.
