Solana (SOL) trades 65.4% below its record high of $293 and around $101, so it would need about a 189% gain to return to that peak. At $293, its market cap would need to be about $173 billion, compared with roughly $59.8 billion now, and ongoing staking rewards keep increasing supply. Alpenglow reduced transaction finality from around 12.8 seconds to 150 milliseconds, and J.P. Morgan Asset Management launched two funds on Solana, yet Solana ETFs saw $17.3 million in net outflows between October 19 and 22. SOL fell 47.2% over the past year, versus a 27.4% drop in Bitcoin, and the article considers a return to $293 before the end of 2027 unlikely. Conditions cited for improvement include Solana ETFs shifting from outflows to consistent inflows.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Keywords
Open a keyword to see other news on the same topic.
Related tickers and likely impact
SOL/USDT
• NeutralSolana
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $61.0B |
| Close on 10/23/2026 | 102.85 |
| Change that session | -0.77% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Why Is Solana Worth About 17 Times More Than Sui?
Solana's market value is about $59.8 billion, roughly 15.3 times Sui's $3.9 billion. Both are high-speed layer 1 blockchains, and the market ranks Solana seventh by market cap versus Sui at 30th. Sui rose 25.7% over 60 days while SOL rose 5.8%, but Sui then fell 15.5% over 14 days to around $0.95. On a fully diluted basis, which counts all possible tokens, the gap narrows to about 6.8 times ($64.4 billion versus $9.5 billion), since only 41.2% of Sui's maximum 10 billion supply is circulating versus 92.7% of Solana's. U.S. spot Solana ETFs held about $1.61 billion in net assets as of October 22, 2026, though inflows have reversed from a peak, while the 21Shares Sui Staking ETF began trading on February 24, 2026, and SUI has dropped 32.1% in 2026.
- Solana Is Faster and Cheaper Than Ethereum. So Why Is ETH Worth 5 Times More?
The article notes that Solana confirms transactions in 150 milliseconds at lower fees than Ethereum, yet Ethereum's $293.5 billion market cap is about 4.8 times Solana's $61.7 billion as of October 22, 2026. Investors favor ETH as a foundation for institutions and tokenized assets, while SOL draws interest mainly for speed and memecoin trading. Ethereum's 30-day chain revenue of $6.3 million is less than 2x Solana's $3.4 million, so the market-value gap suggests speculation plays a large role. U.S. spot Ether ETFs hold $15.4 billion, 9 times the $1.7 billion in Solana ETFs, indicating institutional investors favor Ethereum even more than the broader market.
- Solana plunges as geopolitical tensions overshadow Alpenglow upgrade amid macroeconomic concerns
- Is Solana Too Cheap to Ignore at Today's Prices?
Crypto prices are recovering after a year-long slump: as of Oct. 16, Bitcoin was up 28% over three months, while Solana gained 40% but remained 65% below its all-time high from last year, trading around $105. The author argues this decline does not reflect Solana's ecosystem growth, as the chain generated more fees than any other network over the past 30 days, its stablecoin supply hit an all-time high of $16.5 billion, and it ranks third in tokenized asset value. Samsung named Solana as a partner for USDC access through Samsung Wallet, and Securitize launched tokenized versions of 12 U.S. megacap stocks on the chain. The author also notes risks, including dependence on crypto sentiment, a 2025 peak driven by meme coin activity, and uncertain adoption, but considers Solana worth a closer look for investors willing to take on risk.
- Morning Minute: Solana Is About To Get Faster
Solana will activate Alpenglow on mainnet on October 21 at around 15:00 UTC, replacing the consensus mechanism it has used since launch. Finality drops from about 12.8 seconds to a target of about 150 milliseconds, 85 times faster. Because validators will vote directly with each other instead of as on-chain transactions, Solana’s transaction count and TPS figures are expected to fall sharply even though real users and volume stay the same. The new design aims to keep finalizing with 20% of stake acting maliciously and another 20% offline, while the old system is at risk once more than about a third of stake turns hostile. This is only phase one of two, the second has no date, and Solana previously delayed a September 28 activation; meanwhile, crypto majors fell 3-5% after a hot CPI print, with BTC at 80.9k and over 900M liquidated.
- Bitcoin ETFs Bleed $636 Million as October Turns Red Again
U.S. spot Bitcoin ETFs shed a net $635.6 million on Thursday, wiping out nearly 60% of the roughly $1.07 billion inflow from the previous three sessions. That pushed October's net flows back into a loss of about $176 million, after the funds had reached roughly $460 million in inflows on Wednesday. Ethereum ETFs lost $110.6 million, lifting their October outflows to about $1.18 billion, while Solana ETFs shed $8.9 million. Prices barely moved, with Bitcoin near $81,460, while traders on Myriad, a prediction market, cut the odds of Bitcoin topping $87,500 this month to 17%.
Related markets
Latest news
- Should You Ignore the SpaceX Hype and Buy Rocket Lab Instead?
Space stocks surged after SpaceX's June IPO, but since then SpaceX shares have swung between $105 and $225 and Rocket Lab has fallen 65% from its June peak near $150. SpaceX's launch services revenue reached $1.8 billion, up 6%, while Starlink grew 69% to $5.2 billion with 13.6 million consumer broadband subscribers, and its AI segment, now called Super Intelligence, reached $7.6 billion, helped by an $84.5 billion compute leasing deal with Anthropic. Rocket Lab focuses purely on the space economy, relying on its Electron rocket, which can carry up to 660 pounds to low Earth orbit, and holds a backlog of nearly $2.4 billion, but its Neutron rocket has been delayed to 2027. SpaceX's $2.2 trillion market cap compares with $30 billion for Rocket Lab, and the two trade at about 70 and 40 times trailing sales. The author says SpaceX suits investors seeking broad exposure to AI and communications, while Rocket Lab is the purer aerospace option, though further Neutron delays could weigh on its shares in the near term.
- Gulf Nation Sends Good News to the World
Aramco is looking to raise the Petroline pipeline's capacity from about 7 million to 10 million barrels per day to reduce reliance on the Strait of Hormuz, which has been nearly blocked since the conflict began, and Saudi Energy Minister Prince Abdulaziz bin Salman said the expansion would take two to three years. Before the war, the route carried about 2 million barrels per day, and Aramco's first-quarter profit rose 25% after the pipeline reached its maximum of 7 million barrels per day. The pipeline has been hit by drones several times, and Houthi forces control the Bab al-Mandab area, keeping risks high. Professor Gilbert Metcalf of MIT Sloan said that reaching 10 million barrels per day would add about 2% to global supply, so the effect on prices may be limited. Kpler data show Hormuz exports in September averaged just under 9 million barrels per day, about 44% of February levels, although US Energy Secretary Chris Wright said Gulf oil flows had recovered 80-90%.
- Gold bar and gold ring prices on 25/10 at SJC, DOJI, PNJ, Bảo Tín Minh Châu and Phú Quý
On the morning of 25/10, SJC gold bars were quoted at 138.7–141.7 million VND per lượng (buy–sell), unchanged from 24/10. DOJI quoted 139–142 million VND per lượng, 300,000 VND higher than SJC on both sides. Domestic gold fell about 2 million VND per lượng over the past week. Globally, gold slid sharply as higher oil prices, inflation worries and expectations of tighter Fed policy outweighed safe-haven demand, touching 3,975.10 USD/ounce, its lowest since early June, before trading near 4,000 USD. In a Kitco survey, 7 of 17 analysts (41%) expected prices to keep falling, while 42% of 161 individual investors expected a rise.
- Flying Cars, Smart Homes, and Cracks in the AI Boom
This Motley Fool podcast, recorded Oct. 16, 2026, debates smart homes, flying cars, AI wearables and the recent sell-off in AI infrastructure stocks. The hosts view Apple's HomeView as a refined, incremental product that reinforces existing advantages rather than redefining the category, and note Apple is entering a home-device market already crowded with players like ADT and SimpliSafe. They compare Block's new restaurant device with Toast's established share and question whether Siri can justify a possible $19-a-month charge. The discussion also touches on a flying Tesla Roadster referenced for 2028.
- UPS Stock Is Down 57% From Its Record. Is It a Buy Before Its Oct. 27 Report?
UPS shares trade near $100, about 57% below their all-time closing high of $232.11, pushing the dividend yield to roughly 6.5% on a $1.64 quarterly payout. Management expects 2026 adjusted EPS of about $7.22, down about 44% from $12.94 in 2022, after the Amazon volume cut finished in June. In the second quarter, U.S. domestic revenue rose 6% and the segment's adjusted operating margin widened to 8%, helped by cost programs expected to deliver about $3 billion in 2026. Free cash flow is projected at about $5.5 billion against roughly $5.4 billion in dividends, and the stock trades near 13 times expected 2027 earnings versus about 19 times for the S&P 500. The author sees value for income investors willing to wait for the turnaround, though the Oct. 27 report and thin dividend coverage remain risks.
- Here where credit limits decreased the most in the US ( and why that bad )
WalletHub reports that average credit limits fell in 36 of 50 states year over year, with the largest decrease nearing 13%. Causes cited include rising credit card debt, delinquency, or declines in credit score or income; inflation also pushes people to charge more, raising credit utilization and delinquency risk. A sharp rise in utilization can lower a credit score, and late payments are reported to credit bureaus. Utah topped the list for the largest dollar decrease in credit limits despite a smaller percentage drop, since its residents had among the highest limits. Minnesota ranked second, with average limits down 8% from June 2025 to June 2026; in Montana the figure was 13%.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.