Overview
- SOL has dropped about 20% over the past month and is down roughly 44% year‑to‑date, trading near $68 on June 25–26 despite rising network activity.
- Token deposits to centralized exchanges surged roughly 2,400% between June 11 and June 25, a flow pattern that signals sustained selling pressure rather than one‑off moves.
- Decentralized exchange volume on Solana rose about 39%, lifting the seven‑day average to roughly $1.73 billion per day and keeping daily network fees elevated.
- Solana processed about $1.3 billion in tokenized stock trades last week, capturing roughly 95% of on‑chain tokenized equity volume, with SpaceX‑linked tokens accounting for about half of that spike.
- Most fee revenue and trading activity remain concentrated in a few meme‑token apps and new DEX venues, and analysts say a lasting SOL rebound depends on Bitcoin holding higher levels, SOL reclaiming $70, and product upgrades such as the planned Alpenglow update in late 2026.