Solana Surges Past 850K Unique Holders as Institutional Demand Soars

Solana's tokenized equity ecosystem has reached an all-time high (ATH) of 850,000 unique on-chain holders, according to a recent announcement by Solana. This milestone indicates continued growth in tokenized assets on the network and highlights market confidence.

The increase in unique holders is accompanied by strengthening institutional demand for Solana, with SoSoValue data showing $13.19 million in inflows into SOL Exchange-Traded Funds (ETFs) last week. This marks 12 weeks of continued inflows since early July, suggesting a long-term trend.

From a technical perspective, Solana's price is trading above $111.70 after rallying nearly 12% last week. The Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) indicators are in positive territory, indicating buyers retain near-term control.