Solana Steadies at $124 as $1.3B in Stablecoins Flow Into the Network.

Solana has stabilized near the $124 level after recording the largest stablecoin inflows among blockchain networks over the past seven days. According to Artemis data, the network added $1.3 billion in stablecoins while Ethereum experienced a $3.4 billion outflow during the same period.

The SOL token currently trades at $125.66, posting a modest 0.67% gain in the last 24 hours. However, the asset remains down 1.08% over the past week. Total market capitalization now stands at $71.06 billion, with trading volume declining 44.91% in the latest session.

This liquidity migration highlights Solana’s growing appeal amid broader market volatility. The network’s high-speed infrastructure continues to attract capital as investors seek alternatives to Ethereum’s ecosystem.

Solana Staking and ETF Inflows Surge

Solana’s on-chain activity has reached milestone levels across multiple categories. The staking ratio hit a record 70%, securing approximately $60 billion worth of SOL tokens. This figure represents one of the highest staking participation rates among major proof-of-stake networks.

Meanwhile, the network captured top positions in revenue generation and decentralized exchange volume. Over 52,000 new tokens launched on Solana within a 24-hour period, marking the highest level in five months.

Solana-focused exchange-traded funds recorded positive inflows in both daily and weekly measurements. Data shows a one-day net flow of +22,422 SOL, equivalent to $2.78 million. The seven-day net flow reached +86,269 SOL, totaling $10.7 million, with Bitwise ETF leading the inflow race, according to Lookonchain.

Jan 27 Update:#Bitcoin ETFs:
1D NetFlow: -282 $BTC(-$24.79M)🔴
7D NetFlow: -15,306 $BTC(-$1.34B)🔴#Ethereum ETFs:
1D NetFlow: +39,499 $ETH(+$115.73M)🟢
7D NetFlow: -166,623 $ETH(-$488.21M)🔴#Solana ETFs:
1D NetFlow: +22,422 $SOL(+$2.78M)🟢
7D NetFlow: +86,269… pic.twitter.com/LjtT2ivtLK

— Lookonchain (@lookonchain) January 27, 2026

In contrast, both Bitcoin and Ethereum ETFs experienced outflows during the same timeframe. This divergence underscores shifting institutional sentiment toward Solana products.

SOL Derivatives and Funding Rates Turn Bullish

Global cryptocurrency perpetuals volume surged 143.8% to $991.6 billion in 24 hours. Solana derivatives contributed approximately 12% of total activity across exchanges.

Funding rates turned positive at +0.0051%, pointing to increased long positioning among traders. Positive funding rates occur when traders pay premiums to maintain bullish leveraged positions.

SOL defended the $122.62 pivot point, a level that has served as support since January 25. This held despite reduced sell pressure, with 24-hour spot volume falling 45.7% to $3.38 billion.

The token’s 24-hour turnover ratio stands at 4.7%, remaining below its 90-day average. This metric suggests muted institutional participation despite the price stabilization.

SOL Lags Traditional Assets Over 12 Months

Over the past 12 months, traditional assets have outperformed cryptocurrency markets significantly. Silver gained 267%, gold rose 84%, and copper increased 38%. U.S. equities posted solid advances, with the Nasdaq up 22% and both the S&P 500 and Russell 2000 climbing 16%.

Cryptocurrency performance lagged sharply during this period. Solana declined nearly 45%, Bitcoin fell 14%, and Ethereum dropped 8%.

External factors continue to influence market sentiment. Kalshi data shows 75% odds of a government shutdown by January 31. President Trump recently stated that 100% tariffs would be imposed on Canada if the country makes a deal with China.

SOL Technical Indicators Signal Consolidation

SOL trades at $125.67 on the daily chart, positioned near the lower Bollinger Band at $118.58. The upper band sits at $150.50, with the middle band at $134.54. This positioning near the lower boundary suggests oversold conditions.

The token remains below all major moving averages, confirming a downtrend structure. The nine-period EMA at $127.59 serves as immediate resistance, while the 30-day SMA at $133.42 represents a significant barrier.

The Relative Strength Index reads 40.88, approaching oversold territory but not yet at extreme levels. The MACD histogram stands at -2.12, bearish but showing improvement from prior readings.

Key support levels include $118.58 at the Bollinger Band lower boundary and $117.58 at the Fibonacci swing low. Resistance zones sit at $127.59, $134.54, and $150.50.

A break above $127.59 with volume could trigger momentum buying toward $134. Failure to clear this level risks retesting $117 support. The price trajectory remains neutral until SOL breaks decisively above the $127-128 zone with sustained volume.