Solana Hits New Milestone: Wallets Holding 0.1+ SOL Reach Record High
Speculation around a potential Solana ETF approval is increasing, with market insiders suggesting regulatory approval may be imminent. An approved ETF would enhance traditional capital flows and institutional exposure for Solana, similar to Bitcoin and Ethereum's experiences. Data from Glassnode indicates the number of wallets holding over 0.1 SOL has reached an all-time high, reflecting increased retail participation and confidence in Solana's long-term potential. Despite trading below $150 after a significant retracement, SOL maintains strong support around $135–$140. Analysts note that a sustained push above $155–$165 could reignite bullish momentum, although the market currently exhibits indecision. Growing on-chain adoption signals fundamental growth, with over 11.44 million wallets now holding SOL. The divergence between price action and user adoption suggests potential for a breakout if macro conditions improve and ETF rumors continue to drive interest. The $150 level serves as a psychological pivot as the market seeks direction.
