Solana's blockchain applications generated $99.6 million in fees over the past week, a 35.3% decline from the previous week, despite the price only falling 7.3% to around $112. This divergence suggests that while the price remains stable near the 50-day moving average of $109.21, the underlying network revenue is weakening, which could pressure staking yields and price sustainability. Trading volume and decentralized exchange activity also dropped significantly, indicating reduced user demand. The likely near-term price action is sideways movement between $109 and $117 until fee revenue recovers or the price breaks key support or resistance levels.
As of Oct 12, 2026 17:02 WIB, Solana (SOL) trades at Rp1.996.966 on Pluang, showing a 1-day gain of 2.16%. Despite the reported decline in blockchain fee revenue, the market cap stands robust at Rp1.177,16 trillion with a strong 73% buy order activity. Typical hold time on Pluang is 71 days, indicating steady investor interest in SOL.
A Hyperliquid trader who bought 5.76 million NEAR tokens at $2.35 in September now holds an unrealized profit of about $20.55 million as NEAR price surged to $5.82, driven by the launch of a Bitwise spot ETF and network growth. The trader also mainta...
Circle has minted about $3.5 billion worth of USDC stablecoins on the Solana blockchain in the past week, increasing liquidity and network activity. This move supports Circle's strategy to expand USDC availability across blockchains and contributes t...
Solana (SOL) traded up 2.99% to $112.96 but remained below key resistance levels at $114.49 and $116.03. The token is positioned between its 50-day and 20-day moving averages, with a daily close above $116.03 needed to weaken the current bearish tren...
Kristin Smith of the Solana Policy Institute warns that digital asset regulations finalized by the SEC and CFTC before summer 2028 could be difficult to reverse due to the Congressional Review Act's limited window for overturning rules. With Congress...
Bitcoin's price increased by 1.37% to $84,186 as the total cryptocurrency market capitalization dropped 2.35% to $2.83 trillion. While Bitcoin gained, the broader market contracted, with trading volume at $58.32 billion. Other major cryptocurrencies ...
