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Solana outperforms Bitcoin and Ethereum with 14% rally amid SpaceX IPO and tokenized trading boom

Market News
17 Jun 2026
Benzinga
View Source
Bullish
Solana outperforms Bitcoin and Ethereum with 14% rally amid SpaceX IPO and tokenized trading boom

Solana's cryptocurrency surged 14% in the past week, outperforming Ethereum's 9% and Bitcoin's 5.89% gains. This rally is linked to the SpaceX IPO, which boosted tokenized trading activity on Solana's blockchain through platforms like Ondo Finance, xStocks, and Sunrise. Additionally, Solana saw a 16% increase in futures open interest, with traders favoring bullish long positions, contrasting with Bitcoin and Ethereum trends. This highlights growing investor interest in Solana amid broader market optimism following a U.S.–Iran peace agreement.

More News (SOL)

Fiserv launches a white-label digital asset platform with its first stablecoin on Solana blockchain.

Fiserv launches a white-label digital asset platform with its first stablecoin on Solana blockchain.

Fiserv has introduced a white-label digital asset platform allowing financial institutions to issue stablecoins under their own branding using Fiserv's infrastructure. The platform's first stablecoin is deployed on the Solana blockchain, chosen for i...

Protocol Fundamentals
Bullish
5 hours ago
Solana hits record 14.2B transactions in Q3 2026, boosted by network upgrades and stablecoin growth

Solana hits record 14.2B transactions in Q3 2026, boosted by network upgrades and stablecoin growth

In Q3 2026, Solana processed a record 14.2 billion transactions, a 45% increase from the previous quarter, driven by network upgrades and rising stablecoin use. Daily active addresses and wallets holding SOL also grew significantly, signaling stronge...

Protocol Fundamentals
Bullish
12 hours ago
Solana ETFs see $11.1M outflow, price dips below $120 amid network upgrade and staking tax changes

Solana ETFs see $11.1M outflow, price dips below $120 amid network upgrade and staking tax changes

On September 30, US spot ETFs on Solana experienced a net outflow of $11.1 million, ending a strong inflow streak that had pushed Solana's price up 15.3% over 30 days. The price dropped from a daily high of $122.60 to $117.66 on October 1, reflecting...

Market News
Bearish
14 hours ago
Solana dips nearly 4% but eyes $150 rally as Alpenglow upgrade promises faster transactions.

Solana dips nearly 4% but eyes $150 rally as Alpenglow upgrade promises faster transactions.

Solana (SOL) has dropped nearly 4% in the last 24 hours despite a positive U.S. inflation report, hitting a sell wall at $120, its previous bullish target. The upcoming Alpenglow upgrade on Solana's testnet aims to drastically speed up transaction ti...

Protocol Fundamentals
Bullish
14 hours ago
Solana (SOL) struggles to break $120 resistance amid mixed momentum signals and strong ETF inflows.

Solana (SOL) struggles to break $120 resistance amid mixed momentum signals and strong ETF inflows.

Solana (SOL) price dropped below $120 to $119.17 on October 1 after failing multiple times to close above the $120.91 resistance level. Despite strong demand evidenced by a record $188 million inflow into U.S. spot Solana ETFs in late September, tech...

Technical Signals
Neutral
17 hours ago
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