Solana grabs 95% of tokenized equity as traders debate if SOL bottom is in
Solana recorded a new weekly record for tokenized equity trading, handling $1.29 billion and about 95% of all such activity across blockchains. The spike was driven largely by SpaceX’s SPCX token. Solana also led chains in app revenue, generating $21 million last week and $82.84 million over the past month, ahead of Ethereum and Hyperliquid. Despite this strong onchain activity, Solana’s TVL remains around $5.7 billion, far below its prior peak near $13 billion, showing DeFi capital has not fully returned. Traders are split on SOL’s price outlook: some see the current $60 area as a potential accumulation zone after a roughly 77% drop from near $295, while others argue it may need more time to form a durable bottom. Key resistance remains below the weekly 50- and 200-period moving averages, with a reclaim of $90 seen as a stronger bullish signal.
