January 10th, 2026
Solana fell for a fifth straight session to $166.23 despite generating $87 million in network revenue, maintaining its dominance over all Layer 1 chains.
Solana trades around $180 on Wednesday after dropping from last week’s $200 high, while investors staked 4.1 million SOL in response to SEC’s crypto ETF rule changes.
Nasdaq-listed Upexi Inc. announced a $500 million equity line agreement with A.G.P./Alliance Global Partners to raise capital for expanding its Solana treasury strategy. The company currently holds 1.9 million SOL tokens valued at over $346 million.
Solana closed at $186.69 with 1% intraday gains while lagging rivals like Ethereum and XRP that gained over 2%, but flat $10.7 billion open interest amid price consolidation suggests traders may be positioning for a breakout following last week’s 10% retracement.
Ethereum developers are proposing a gas limit increase to boost Layer-1 throughput. Solana devs are also planning a 66% block limit upgrade.
Solana’s upcoming upgrade could boost network capacity, as whales continue to accumulate despite recent price dips.
Solana-based token PUMP has dropped over 50% in two weeks as Pump.fun founder Alon Cohen said an airdrop isn’t expected soon.
SOL has gained over 33% in July, outperforming both Bitcoin and Ethereum as the crypto market enters uncharted territories.
Digital asset products saw weekly inflows of $4.39 billion, bringing year-to-date (YTD) inflows to $27 billion as interest in Bitcoin, Ethereum, and Solana continues to grow.
Solana price has reached $190, sparking excitement among investors and the broader cryptocurrency market as $300 target comes into view.
Solana’s RWA ecosystem has surged 140% year-to-date, with Ondo’s USDY capturing nearly 42% of the market.
Almost 14,000 KYC wallets that entered the race for the PUMP token were unsuccessful; however, the presale still experienced a significant surge.
Bit Mining stock jumped 250% in the pre-market after a Solana pivot but dropped later as investors weighed the sudden shift.
Solana’s 1H price chart has formed a key pattern, hinting at a potential price hike, according to Ali Martinez.
Solana may be gearing up for a bull run, having risen from around $125 to its current price above the $151 support level.