Solana grabs 95% of tokenized equity as traders debate if SOL bottom is in
Cointelegraph 2026-06-22 19:17:34
Context: Solana, a cryptocurrency, has captured 95% of tokenized equity trading activity across blockchains, with $1.29 billion in trading volume last week. This surge occurs as SOL traders debate whether the asset has reached a cycle bottom, with the price currently more than 75% below its all-time high near $295. The debate is fueled by varying opinions among market analysts and traders on whether SOL has already entered a durable bottoming phase.
Key Facts
- Solana captured 95% of all tokenized equity trading activity across blockchains last week, setting a new record with $1.29 billion in trading volume.
- SOL onchain activity continues to expand, with the network generating $21 million in weekly app revenue, ahead of Ethereum, Hyperliquid, and Base, and $82.84 million in revenue over the past month.
- The total value locked (TVL) on Solana stands near $5.7 billion, below its all-time high TVL of roughly $13 billion from September 2025.
- Market analysts and traders, including Ardi, Bluntz, and Dyme, have varying opinions on whether SOL has already entered a durable bottoming phase, with some predicting a potential price increase and others urging caution.
- Crypto trader Ardi noted that SOL has already fallen about 77% to $60, from its cycle peak near $295, and suggested that an 80%–85% decline would place SOL in the $45-$60 range, a potentially attractive accumulation zone.