{"id":77540,"date":"2025-07-01T21:00:08","date_gmt":"2025-07-01T21:00:08","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=77540"},"modified":"2025-07-01T21:00:08","modified_gmt":"2025-07-01T21:00:08","slug":"solana-hits-new-milestone-wallets-holding-0-1-sol-reach-record-high","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=77540","title":{"rendered":"Solana Hits New Milestone: Wallets Holding 0.1+ SOL Reach Record High"},"content":{"rendered":"

Solana has returned to the spotlight as speculation around a potential Solana ETF approval gains momentum. While still unconfirmed, growing signals from market insiders suggest that regulatory green lights may not be far off. If approved, a Solana ETF would mark a major milestone for the ecosystem, opening the door to traditional capital flows and broader institutional exposure, similar to what Bitcoin and Ethereum experienced following their own ETF breakthroughs. For long-term investors, this development could set the foundation for a new phase of sustainable growth.<\/p>\n

Supporting this bullish outlook is fresh data from Glassnode, which shows that the number of wallets holding over 0.1 SOL has reached a new all-time high. This milestone marks an increase in retail participation and growing confidence in Solana\u2019s long-term potential. As the network continues to mature, the rise in small holders also signals expanding grassroots adoption\u2014an encouraging sign during a period of market uncertainty.<\/p>\n

While short-term price action<\/a> may still be driven by broader macro trends, sentiment around Solana is clearly improving. If ETF approval becomes a reality, the combination of increased accessibility and rising on-chain adoption could significantly boost Solana\u2019s market position in the coming months.<\/p>\n

Solana Growing On-Chain Adoption<\/h2>\n

Solana is currently trading below the $150 mark after experiencing a sharp retracement from its May high. The asset has lost more than 20% in value since peaking earlier this cycle, driven largely by broader market consolidation and declining risk appetite across altcoins. Despite the recent pullback, SOL continues to hold a strong support zone near the $135\u2013$140 range, which has proven resilient during previous sell-offs.<\/p>\n

Analysts remain cautiously optimistic, noting that a sustained push above key supply zones\u2014particularly the $155\u2013$165 range\u2014could reignite bullish momentum. However, the market remains in a phase of indecision. Price action across major assets, including Solana, reflects uncertainty as traders wait for a clear breakout or breakdown to confirm the next move. Without a strong catalyst, SOL may continue to consolidate alongside the broader altcoin market.<\/p>\n

Amid the sideways price action, one encouraging signal is the growing on-chain adoption. Top analyst Ali Martinez shared data from Glassnode<\/a> showing that the number of wallets holding over 0.1 SOL has reached a new all-time high, now exceeding 11.44 million. This steady rise in non-zero wallets points to expanding retail participation and long-term holder confidence, even as short-term volatility persists.<\/p>\n

The divergence between price action and user adoption suggests that Solana\u2019s fundamental growth remains intact. If momentum returns and macro conditions improve, Solana may be well-positioned for a breakout, especially with ETF rumors fueling speculative interest. For now, the $150 level remains a psychological pivot as the market watches for signs of direction.<\/p>\n

SOL Price Action Details: Key Levels To Watch<\/h2>\n

Solana (SOL) is currently trading at $149.30, just below the key resistance confluence of the 50-day, 100-day, and 200-day moving averages, all clustered between $150 and $151. This area has acted as a strong technical barrier, and SOL\u2019s repeated failure to reclaim it reflects the market\u2019s hesitancy amid broader uncertainty. After rallying to $159.99 earlier in the session, bears stepped in and pushed the price back down, closing the candle with a bearish wick, signaling ongoing selling pressure.<\/p>\n

The chart reveals a prolonged consolidation pattern that has developed since the mid-May rejection near $180. Despite several bounce attempts, SOL has not been able to regain bullish momentum. The volume profile also suggests fading interest during upswings, a common trait during accumulation or exhaustion phases. Notably, price remains above the March low, preserving a key higher low structure, which is crucial for the broader bullish outlook.<\/p>\n

If SOL breaks above the $151\u2013$155 range with sustained volume, it could trigger a move toward $180. However, failure to clear this resistance might lead to another test of support around $135. Traders should watch for a decisive close above the moving average cluster to confirm trend continuation, especially with ETF speculation fueling long-term optimism.<\/p>\n

Featured image from Dall-E, chart from TradingView<\/p>","protected":false},"excerpt":{"rendered":"

Solana has returned to the spotlight as speculation around a potential Solana ETF approval gains momentum. While still unconfirmed, growing signals from market insiders suggest that regulatory green lights may not be far off. If approved, a Solana ETF would mark a major milestone for the ecosystem, opening the door to traditional capital flows and […]<\/p>\n","protected":false},"author":0,"featured_media":77541,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-77540","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/77540"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=77540"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/77540\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/77541"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=77540"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=77540"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=77540"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}