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Solana (SOL) breaks the 400,000 RWA holder mark-what does this mean for price movements

2026-09-11 15:12:56
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Key highlights

  • The key resistance level of US$109 is attracting attention: SOL prices are currently hovering around US$102, down 1.44% from 24 hours ago, but have risen 33% in the past month. 109-110 The US dollar has been identified as a key resistance area. If it can successfully break through, it is expected to push into the US$112 -116 range. After recent price rises, momentum indicators suggest buying pressure is easing.
  • Solana Network sets a historical token issuance record: The Solana blockchain created 263,000 new tokens in the last day, setting a record high. Solana's number of real-world asset (RWA) holders has exceeded 400,000, a huge leap from less than 10,000 in January 2025.

Solana's real-world asset ecosystem explodes

Solana blockchain has reached a major milestone, with its real-world asset (RWA) ecosystem now having more than 400,000 independent holders. According to data shared by Everstake, this number has achieved explosive growth compared with the less than 10,000 holders recorded in January 2025. In just three months, the number of holders has increased dozens of times, and the growth rate is impressive.

This rapid expansion shows that tokenized real-world assets on the Solana network are surpassing the typical user base of cryptocurrencies in the early days and gaining recognition in mainstream markets. This milestone establishes Solana's leading position in blockchain tokenization.

SOL Price Trend and Technical Analysis

Currently, SOL is trading close to $102, a slight correction of 1.44% from yesterday. However, the performance is even stronger when viewed over a longer period: the token has risen by about 33% in the past month and has maintained a 1.45% gain in the past seven days.

As SOL climbs from $76 to $109, the psychological level of $100 has become a key support level. Technical analysis shows that the middle track of the Bollinger Band on the 20th is at US$101.87, which is the main support level that market participants pay close attention to.

Cryptocurrency analyst Ash Crypto pointed out that multiple macro indicators suggest that SOL has bullish potential. His analysis mentioned that Solana achieved its first positive monthly close in ten months, the monthly MACD indicator was close to a bullish cross pattern, and the monthly RSI finally broke through the two-year downward trend resistance line.

In addition, well-known trading account "The Moon Show" released a forecast on platform X, saying that SOL may eventually climb to US$1,000, and described the current market structure as a situation where "most traders are not ready to deal with it." Although this goal is a radical prediction, it reflects growing optimism about Solana within the crypto community.

The key resistance level of US$109 is of concern

The price range of US$109 -110 is the most important short-term obstacle facing bulls. The upper track of the Bollinger Band is currently at $109.03, constituting a clear ceiling of resistance for any immediate upward movement.

If we can effectively break the $109 -110 barrier, it may open the path to the $112 -116 price range. On the contrary, if support levels above $101.87 cannot be maintained, it may trigger a pullback towards the Bollinger Band near $94.70.

The current MACD reading shows that the indicator line is at 4.74, which is lower than the signal line of 5.70, and the histogram value is-0.96. This configuration suggests that buying momentum has begun to cool after recent price increases.

Solana Network sets historical token issuance record

From a chain activity perspective, Solana set a new benchmark, registering more than 263,000 newly minted SPL tokens in 24 hours. This figure far exceeds the creation rate of 40,000 to 50,000 tokens per day during the peak of the memecoin craze in December 2024.

It is worth noting that the memin launch platform Pump.fun dominated this activity, contributing 34,184 of the 40,360 tokens deployed through the launch platform. In the past 24 hours, Pump.fun earned $1.8 million in expenses and contributed one-third of Solana's total revenue for the first quarter of 2026-or $124 million of total revenue of $342 million.

As of market data so far, SOL remains within the support range of US$101 -102. Market participants are paying close attention to whether the next major trend will break above US$109 or pull back to the US$94 -95 region.

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