Solana ETFs Outperform Bitcoin and Ethereum

Solana’s recent price action has effectively ruled out any immediate push toward, or beyond, the $150 level. The asset experienced a sharp pullback, moving in line with broader risk markets as macroeconomic uncertainty intensified.

Even so, holder behavior indicates that long-term conviction remains intact. Many SOL investors have maintained a constructive outlook, suggesting confidence that extends beyond short-term volatility.

Solana ETFs show relative strength
Spot Solana ETFs recorded unexpected net inflows of approximately $3.08 million during a period of heavy market stress. These inflows came as global equities sold off and the broader crypto market saw more than $120 billion wiped from total capitalization. This divergence highlights Solana’s ability to attract capital even when risk appetite is subdued.

The contrast with other crypto products was clear. Bitcoin ETFs experienced significant net outflows as investors reduced exposure, and most major assets followed the same risk-off trend. Solana moved against the flow, reinforcing a bullish narrative that could support a rebound once conditions stabilize.

On-chain activity remains steady
Network data tells a similar story. The number of new addresses on Solana stayed relatively stable despite negative market sentiment. Around 8.6 million new addresses were added on Monday, followed by roughly 8.4 million on Tuesday, a decline of just over 2%.

This consistency suggests that demand has not collapsed. New address creation often reflects real usage and incoming interest rather than short-term speculation. Holding firm during a downturn points to underlying support that could fuel a recovery as market conditions improve.

Can Solana recover from the pullback?
At the time of writing, SOL is trading near $127, down around 12.8% over the past week. Price has defended the $125 support zone, avoiding a deeper sell-off. This area is emerging as an important short-term floor, with buyers stepping in to absorb supply.

Relative strength still favors SOL compared with other large-cap assets. ETF inflows and steady network activity suggest the potential for a faster rebound. Reclaiming $132 as support would open the door to a move above $136 and a partial recovery of recent losses.