SOL reclaims $72, but onchain data flags weakening momentum
Cointelegraph 2026-06-27 02:47:59
Context: Solana's native cryptocurrency, SOL, has reclaimed the $72 price mark, but underlying on-chain data suggests that the momentum behind the rally may be weakening. The recent strength in SOL can be attributed to the growth of tokenized stock trading on the Solana network. Despite this, several key indicators are flashing warning signs.
Key Facts
- Solana's native cryptocurrency, SOL, has reclaimed the $72 price mark, indicating a recent surge in value.
- The growth of tokenized stock trading on the Solana network has been a contributing factor to the recent strength in SOL.
- A declining Total Value Locked (TVL) and decreasing Decentralized Exchange (DEX) volumes on the Solana network point to fading momentum.
- The weakening momentum behind SOL's rally raises concerns about the sustainability of the current price level.