Solana (SOL) is showing renewed strength after recovering to around $74, supported by improving on-chain activity, rising institutional interest, and continued demand across its memecoin ecosystem.
At press time, SOL traded at $74.01, posting a 2.3% gain over the past 24 hours and extending its weekly gain to 4.3%.
Although SOL remains well below its all-time high of $293.31 recorded in January 2025, recent network activity points to growing participation beyond price speculation.
Notably, the Solana price recovery is also taking place while the broader cryptocurrency market remains under pressure.
Bitcoin has continued to trade below $60,000, and market sentiment has stayed weak, with the Crypto Fear & Greed Index remaining in the “Extreme Fear” zone.
RWA sector reaches $3.03 billion as network activity accelerates
One of the strongest drivers behind Solana’s recent momentum has been the rapid expansion of its real-world asset ecosystem.
The total value of tokenised real-world assets distributed on Solana has climbed to $3.03 billion, marking another record for the blockchain.
At the same time, the number of RWA holders increased to 290,481, representing 24.4% growth over the past month.
Perhaps the most notable figure is transaction activity. RWA transfer volume surged to $8.53 billion over the last 30 days, reflecting a 120.5% monthly increase.
The sharp rise in transfers suggests tokenised assets are being actively traded and moved across the network rather than remaining dormant.
Liquidity has also remained strong. Solana’s stablecoin ecosystem has expanded to $15.77 billion, providing deeper liquidity for tokenised assets, decentralised finance applications, and on-chain trading.
The combination of rising asset value, growing user participation, and increasing transfer volume points to broader adoption of tokenised assets on the network.
Institutional activity has also added to the positive backdrop.
Recent data showed $5.52 million in inflows into SOL-focused exchange-traded funds (ETFs), indicating continued interest from professional investors even as the wider crypto market remains cautious.
Memecoin activity continues to strengthen Solana’s ecosystem
Alongside the growth of tokenised assets, Solana continues to dominate the memecoin sector, one of the network’s most active sources of on-chain transactions.
That activity has remained in focus after well-known crypto trader Ansem reportedly amassed approximately $75 million in unrealised gains from a portfolio of Solana-based memecoins.
Rather than relying on a single token, the gains were spread across several positions, highlighting the breadth of trading activity within Solana’s meme token ecosystem.
Ansem’s trading performance has attracted widespread attention across the crypto community, with many market participants closely monitoring wallet movements for signs of emerging opportunities.
The continued popularity of Solana-based memecoins has helped sustain transaction volumes on the blockchain while attracting new retail participants.
At the same time, the sector remains highly volatile, with sharp price swings continuing to characterise meme token trading.
Technical picture places focus on the $78-$82 resistance zone
From a technical standpoint, traders are watching whether SOL can extend its recent recovery.
Crypto market analyst Crypto with Haris noted that Solana is close to recording its first green monthly candle after nine consecutive months of declines, a development that would mark a notable improvement in the longer-term chart.
According to the analyst, the key resistance area lies between $78 and $82.
That range has rejected multiple previous recovery attempts, making it the most important technical hurdle for buyers.
If SOL breaks above that zone with sustained momentum, the next upside target identified by the analyst is $92.
On the downside, $72 has emerged as an important support level.
Holding above that price would preserve the developing pattern of higher highs and higher lows that has started to appear on the chart during the latest recovery.
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