Solana gains 10.2M new addresses daily as SOL holds $115 amid $2.2M ETF outflows

Glassnode data shows Solana is adding roughly 10.2 million new addresses daily, a sign of rising network participation, while SOL is trading near $115 and spot Solana ETFs recorded $2.2 million in outflows, the first daily outflow in nearly two weeks, according to BeInCrypto and SoSoValue.

The new addresses represent wallets that completed a transaction for the first time, which BeInCrypto says often signals expanding adoption and fresh capital entering the ecosystem. BeInCrypto notes that historically rising new addresses during bearish phases have supported price recoveries as new participants absorb supply from short-term sellers, suggesting growing holder numbers could help stabilize SOL over time.

Macro momentum is mixed: ETF flows turned negative on Thursday, a shift BeInCrypto says could indicate emerging skepticism even among typically more strategic ETF investors and may limit upside momentum until flows stabilize or reverse. On the charts, BeInCrypto’s technical update, citing TradingView, says SOL is moving inside a descending broadening wedge and holding $115 support; a decisive bounce and a move above $123 would target $132 and $136, while failure to clear $123 could keep the token range-bound.

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