SOL (Solana) increased by 3.53% in the last 24 hours, currently at $141.02

Gate News Bot Message, January 12th, according to CoinMarketCap data, as of press time, SOL (Solana) is trading at $141.02, up 3.53% in the past 24 hours, with a high of $143.04 and a low of $132.82. The 24-hour trading volume reached $3.563 billion. The current market capitalization is approximately $7.962 billion, an increase of $272 million compared to yesterday.

Important recent news about SOL:

1️⃣ Ecological stablecoin market cap hits a record high, supporting on-chain capital accumulation
The on-chain stablecoin market cap on Solana has surpassed $15 billion, setting a new record and growing 200% compared to a year ago. The rapid growth in stablecoin market cap reflects increasing capital sedimentation within the Solana ecosystem, providing ample liquidity for DeFi, payments, and other application scenarios. In the past 24 hours, the supply of stablecoins on the Solana network increased by $903 million, reaching a new single-day high, indicating sustained rising demand from institutions and users for on-chain transactions on Solana.

2️⃣ Government-level stablecoin FRNT deployment enhances mainstream recognition
Wyoming officially launched the United States’ first state government-issued stablecoin, Frontier Stable Token (FRNT), initially on Solana. This move signifies that Solana has gained government-level recognition and support, combining digital dollar exploration with high-performance blockchain infrastructure, further elevating Solana’s position in institutional financial applications. FRNT is realized through Stargate cross-chain protocol for multi-chain circulation, reflecting Solana’s core role as a deployment platform.

3️⃣ SKR token upcoming launch, driving mobile ecosystem and governance innovation
The native token of Solana Mobile, SKR, will be officially launched on January 21st, with a total supply of 10 billion tokens, of which 30% will be airdropped and 25% allocated for ecosystem growth and partners. SKR adopts a linear inflation model, starting with an inflation rate of 10%, decreasing by 25% annually, stabilizing at 2%. The token introduces a “guardian” staking model, combining economic incentives with device security, expected to bring new growth opportunities for Seeker mobile users and Solana ecosystem participants. Seeker’s first-quarter trading volume has reached $2.6 billion, laying a solid foundation for the second quarter and subsequent token ecosystems.

4️⃣ Institutional funds continue to flow in, treasury companies strategically increase holdings
Upexi, a Nasdaq-listed Solana treasury company, has increased its SOL holdings to 2.174 million tokens as of January 5th, with a market value exceeding $300 million. Meanwhile, other listed treasury companies like MemeStrategy are also actively investing in the SOL ecosystem. In comparison, some institutions’ December reductions (e.g., SOL Strategies reducing 3,503 SOL) are relatively limited, indicating a warming recognition of SOL’s long-term value. On January 7th, Solana spot ETF saw a net inflow of $1.97 million, with a total net inflow of $803 million, showing increased willingness among US institutional investors to allocate to SOL.

5️⃣ Ecosystem applications receive accelerated official support, international expansion accelerates
The Solaris enterprise accelerator, jointly initiated by the Solana Foundation and HackQuest, officially accepted the decentralized trading platform ANTFUN, which has completed several million dollars in funding and obtained trading licenses in the US and Canada. Meanwhile, the Solana Accelerate project will debut at the Consensus Hong Kong conference in February, further deepening the Solana Foundation’s strategic layout in the Asian market. These initiatives will strengthen the global recognition and developer attraction of the Solana ecosystem.

6️⃣ Trader bullish sentiment heats up, technical patterns support upward breakout
Mainstream traders in the market have indicated they have re-entered long positions on SOL, noting that SOL shows the strongest relative strength among the three major cryptocurrencies. From a technical analysis perspective, SOL offers clean trading patterns with potential for a rally to $160 or even $200, provided Bitcoin can hold the $90,000 level and eventually move toward $100,000. Currently, there is no high consensus on bullish reasons, which often presents the best entry point. Whale-level funds are also actively building positions, with recent large long positions using 20x leverage totaling approximately $9.74 million in SOL.

7️⃣ X platform integration plan launched, ecosystem application scenarios continue to expand
Solana announced that it will soon be integrated into the X app, further expanding Solana’s usage scenarios. Meanwhile, X product lead and Solana advisor are developing a smart asset tagging feature, supporting users to view real-time asset prices and contract information, providing new convenience for Solana assets’ circulation and discovery on social platforms. These measures will promote Solana’s penetration and application in the Web2 social ecosystem.

8️⃣ On-chain whale activity continues, market sentiment remains active
A dormant wallet address has recently withdrawn 80,000 SOL (worth $10.87 million), indicating long-term holders are re-entering the market. At the same time, multiple whale addresses are transferring large amounts of SOL among institutions like Wintermute, Galaxy Digital, and FalconX, reflecting active institutional liquidity management. Additionally, a whale realized profits by exchanging WHITEWHALE for 6,523 SOL (worth $912,000), demonstrating strong demand for the main token among ecosystem token holders.

This message is not investment advice; please be aware of market volatility risks.