Key Notes
- REXShares’ Solana ETF attracted $27 million in recent capital, bringing complete belongings underneath administration to $306 million milestone.
- Helius Medical Applied sciences invested $175 million in SOL as a part of bigger $500 million treasury diversification technique.
- Technical indicators present bearish momentum with SOL breaking beneath 20-day MA, risking additional decline towards $196 help degree.
Solana
SOL
$216.8
24h volatility:
2.0%
Market cap:
$117.72 B
Vol. 24h:
$6.05 B
worth discovered help on the $218 degree on Tuesday, Sept. 23, after sliding one other 1.2% up to now 24 hours. The lagging begin to the week mirrors the broader crypto market downturn, as traders shifted capital towards gold after the Fed’s fee reduce.
Regardless of the macro jitters subduing retail demand, institutional urge for food for SOL stays robust. On Tuesday, SolanaFloor reported that REXShares’ Solana Staking ETF (SSK) continued to put up regular inflows, including $27 million within the final 24 hours.
🚨BREAKING: The primary U.S. Solana staking ETF, $SSK by @REXShares, continues every day influx momentum, including $27M yesterday and lifting complete AUM to $306M. pic.twitter.com/mc3Ys2ODGu
— SolanaFloor (@SolanaFloor) September 23, 2025
This lifted complete belongings underneath administration to $306 million, a milestone achieved regardless of the sharp worth retracement.
The inflows mirror a development of institutional traders searching for staking yield publicity as a substitute of exiting throughout market weak point. By decreasing trade provide, these regular allocations might ease sell-side strain, positioning SOL for a speedy rebound if sentiment improves.
Solana treasury reserve inflows additional emphasize the energetic whale demand narrative. On Monday, Helius Medical Applied sciences, Inc. confirmed an initial $175 million investment in Solana underneath its $500 million treasury strategy unveiled final week.
“We’re excited to embark on our SOL accumulation plan in an environment friendly method. The preliminary accumulation at a decrease price foundation than current market costs, whereas nonetheless retaining the massive majority of its capital raised for extra opportunistic purchases, showcases how laser centered the workforce is on maximizing shareholder worth by having market consciousness and being accountable stewards of capital,” stated Cosmo Jiang, Board Observer at HSDT and Normal Accomplice at Pantera Capital.
The agency disclosed holdings of 760,190 SOL at a median price foundation of $231, alongside $335 million in money reserves earmarked for additional Solana acquisitions.
Solana Value Forecast: Can Whale Demand Offset Breakdown Beneath 20-Day MA?
At press time, Solana trades at $219.24, slipping beneath the 20-day shifting common at $226.98. This marks a short-term breakdown within the bullish cycle that noticed SOL worth hit 8-month peaks at $253 on Sept. 18.
Furthermore, the MACD line at 7.72 has crossed beneath the sign line at 10.48, flashing a bearish momentum shift. The histogram additionally reveals deeper purple bars, confirming short-term oversold situations, which can set off a corrective bounce towards the 20-day MA close to $227.
Solana (SOL) Technical Value Evaluation | Supply: TradingView
As seen beneath, Solana worth has dropped close to $218 at press time with an extended decrease shadow on the every day candle indicating energetic help purchases.
Quick help lies at $218, with stronger safety close to $200, coinciding with the Bollinger decrease band. Nonetheless, with crypto market volumes carrying skinny, SOL dangers one other main reversal towards $196.
Conversely, bulls should reclaim the 20-day MA at $227 to reclaim dominance, with long-term upside targets looming at September highs close to $260, if whale accumulation and ETF inflows persist.
Greatest Pockets Presale Hits $16M amid Solana’s Whale Demand Surge
Solana’s institutional demand surge has additionally buoyed demand for early-stage tasks like Greatest Pockets (BEST), amid the present market correction part.
Past multi-chain storage, Greatest Pockets presents institutional-grade safety features, making it interesting for each retail merchants and fund managers searching for publicity to belongings throughout completely different sectors of the crypto markets as volatility intensifies.
Greatest Pockets Presale
At press time, the Best Wallet presale has raised over $16.05 million. Individuals can nonetheless safe BEST tokens at $0.0256 every earlier than the subsequent worth tier unlocks, with simply over 4 hours remaining at present ranges.
Disclaimer: Coinspeaker is dedicated to offering unbiased and clear reporting. This text goals to ship correct and well timed data however shouldn’t be taken as monetary or funding recommendation. Since market situations can change quickly, we encourage you to confirm data by yourself and seek the advice of with an expert earlier than making any selections based mostly on this content material.
Ibrahim Ajibade is a seasoned analysis analyst with a background in supporting numerous Web3 startups and monetary organizations. He earned his undergraduate diploma in Economics and is presently finding out for a Grasp’s in Blockchain and Distributed Ledger Applied sciences on the College of Malta.