Solana ETF approval may not spark a solo rally: Solana ETF approval is likely to produce muted price action because Solana transactions have dropped roughly 50% from a July 24 peak, reducing retail volume and making SOL more prone to follow Bitcoin’s directional bias.
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Daily transactions fell ~50% from 125M to ~64M
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SEC final ETF deadline is a key catalyst, but network activity is the stronger near-term indicator.
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Bitwise fee cut to 0.20% may encourage inflows; sustained upside likely needs Bitcoin confirmation.
Solana ETF approval: Solana transactions decline 50% from July peak—read concise analysis and next steps. Stay informed with COINOTAG.
What is the impact of the Solana ETF approval deadline on SOL price action?
Solana ETF approval alone is unlikely to drive a standalone breakout. Network metrics show a marked drop in retail activity and daily transactions, so SOL’s short-term price action is more likely to mirror Bitcoin’s trend unless ETF-driven inflows combine with a Solana-specific catalyst.
How have Solana transactions changed and what does the data show?
Daily transactions on Solana peaked at about 125 million on July 24, 2025 and have declined to roughly 64 million, a fall of ~50%, per CryptoQuant data. This shift signals reduced retail engagement and reallocation of capital to alternatives such as BNB Chain, per market observers.
| Metric | July 24, 2025 | Recent (late Sep 2025) |
|---|---|---|
| Daily transactions | ~125,000,000 | ~64,000,000 |
| Change | ~50% decline | |
Why might SOL follow Bitcoin rather than rally independently?
Analysts note that when network activity and retail flows subside, tokens often track macro leadership—currently Bitcoin. Shivam Thakral, CEO of BuyUcoin, said the decline reflects normalization, competitive pressure and sentiment shifts. Without renewed on-chain activity or a Solana-specific fundamental, SOL’s directional bias is tied to BTC.
Frequently Asked Questions
How will reduced retail activity affect SOL liquidity?
Lower retail activity typically reduces short-term liquidity and can widen price swings. With fewer daily transactions, supply-demand imbalances may persist until activity recovers or institutional inflows offset the decline.
When is the SEC deadline for Solana ETF decisions?
The SEC’s final decision window for the spot Solana ETF filings converges around late September 2025, based on compiled filing deadlines; market participants treat these dates as catalysts but not guarantees of immediate price moves.
Key Takeaways
- Transaction decline: Solana’s daily transactions fell ~50% from the July peak, reducing retail-driven momentum.
- ETF is important but not sufficient: Approval may help, but sustained upside needs both inflows and on-chain recovery.
- Follow Bitcoin: In current conditions, SOL is more likely to track Bitcoin’s direction than breakout alone.
Conclusion
Solana ETF approval is a meaningful development, but current data show a marked Solana transactions decline that dampens the probability of an independent SOL rally. Investors should watch on-chain metrics, ETF inflows and Bitcoin’s trend for clearer signals. For updates and detailed coverage, follow COINOTAG’s reporting and data analyses.
