Solana hits record 167M holders in April – Will SOL price follow?
Solana [SOL] holders have doubled down on the altcoin and elevated publicity to a document excessive of 166.9 million SOL.
In keeping with Token Terminal information, the newest document possession meant that SOL was the fourth-largest held L1 token, rating behind Binance [BNB], Ethereum [ETH], and Tron [TRX].
On the finish of 2025, SOL had 154.2 million distinctive holders, implying the present possession has elevated by 8.2% in Q1 2026.
By extension, this additionally meant there was a powerful curiosity within the altcoin amongst holders in the course of the crypto rout. Because the October crash, SOL’s value has declined from $224 to $84, marking a 63% drawdown. Over the identical interval, token holders surged 12% from 148.9 million to the present all-time excessive of 166.9 million.
Whereas it is a bullish sign, the tempo of outflows from the token has remained subdued on the worth charts.
SOL outflows hit $18 billion
A key consider gauging SOL’s sentiment is thru the Realized Cap, which tracks capital inflows into the asset.
Since final October, the metric has dropped from a document $96.9 billion to $78.5 billion, a whopping $18.2 billion in capital outflows from SOL.
Though the metric is a lagging indicator, previous rebounds marked native and cycle bottoms, adopted by a sustained rally. On the time of writing, the metric was but to print a reversal signal regardless of SOL consolidating latest losses across the $75-$93 value vary.
In different phrases, capital inflows weren’t sturdy sufficient to elevate SOL’s value regardless of having document token holders. However all is just not misplaced. In keeping with CoinShares, Solana and XRP led final week’s altcoin inflows. SOL’s inflows stood at $34.9 million, marking practically a 4x hole in opposition to XRP’s $120 million.
If XRP continues to draw 4x capital inflows than SOL, the previous might entrance a stronger rebound than the latter.
In the meantime, SOL’s value surged about 7%, rising from $78 to $87 after the Iran ceasefire provided broader market reduction. If the bidding extends into the weekend, the mid-range of $85 might be reclaimed, providing a pathway to the vary excessive of $90-$93 or a 9% potential acquire.
Nevertheless, the altcoin might slip again to $77 if momentum fades.
Last Abstract
- SOL token holders hit an all-time excessive of about 167 million in April, marking a 12% improve since final October.
- Nevertheless, the altcoin noticed $18.2 billion in capital outflows up to now few months, which has lowered the chances of a sustainable value restoration.
