Solana (SOL) is navigating a crucial moment after its 2025 rally. The digital asset is trading near its $80 billion market capitalization. This critical zone will determine its future as it faces FTX selling pressure on Solana alongside strong institutional demand.
Data shows conflicting signals for investors. On one hand, EmberCN reported that FTX and Alameda recently unstaked 193,800 SOL. These funds were distributed to 28 wallets, suggesting a potential sell-off. On the other hand, spot Solana ETFs tell an opposite story. According to SoSoValue, they have seen 11 consecutive days of net inflows, reaching $351 million under management.
This technical duality is not the only factor in play. The Solana ecosystem shows robust health. It outperforms other networks in DEX trading volume and application revenue. Furthermore, SoFi Bank, a regulated US entity, now allows direct SOL purchases for its customers. This traditional adoption legitimizes the use of the cryptocurrency and increases its accessibility.
Can institutional demand absorb the historic FTX liquidation?
Analysts on the X platform are closely monitoring the $80 billion level. This point aligns with the 100-week moving average (100 WMA). Holding this support is vital for bullish aspirations. If SOL manages to consolidate here, some targets are set in the $1,000 range within the next few months.
However, a failure to hold the $80 billion mark could have serious consequences. A break of this key support would open the door to a significant correction. The price could retreat toward the $100 consolidation zone. At the time of this writing, SOL is trading at $152.43, reflecting the market tension.
