Tokenized Equity Holders Hit Record 1.9 Million as Solana Surges
Tokenized equity holders have reached an all-time high of 1.9 million, marking a significant surge of 134% month-over-month and a staggering 1,360% year-to-date. This remarkable growth is largely driven by the IPO activity of prominent companies such as SpaceX, OpenAI, and Anthropic.
The increasing demand for 24/7 trading has also contributed to this adoption, with Jupiter, Solana's largest on-chain platform, accounting for 61% of volume in off-hours. The number of active tokenized equity traders has risen by 46% month-over-month, further fueling the growth.
The price action of Solana (SOL) is closely tied to this trend, with SOL trading at $98.78 within its Bollinger Bands. However, bearish momentum is evident in the MACD death cross and RSI readings, suggesting that any attempt to reach the upper resistance band may meet rejection and pull the price back toward the 50-EMA.