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Solana (SOL) Price Today: SOL Dips to $112 as DeFi Dev Corp Tops 2.5M SOL & Solana DvP Launches – Oct 8, 2026
☀️ Solana Family Daily Brief — Thursday, October 8, 2026 (12:30 UTC) 📊 SOL MARKET SNAPSHOT (last 24h) • SOL/USDC: $112.68 (-3.06%) • SOL/USDT: $112.75 (-2.97%) • 24h range: $112.60 – $117.20 • 24h volume (all markets): ~$3.1B | Market cap: ~$66.5B • 7-day: -4.3% | 30-day: +9.8% SOL slipped through the $113 support area during the European morning after failing to hold above $117. Leverage looks steady: funding is near neutral and open interest is around $1.0B. Most Binance accounts are positioned long (~68%), so a further dip could force some longs to close. 📰 TOP SOLANA NEWS 1) DeFi Development Corp keeps buying SOL DFDV (Nasdaq) says it has added more than 226,000 SOL since August 12, bringing its treasury to over 2.5M SOL and SOL equivalents. It also launched "CHAD", a Series C perpetual preferred stock, with a $300M at-the-market program to fund future SOL purchases without diluting common shareholders. Corporate treasury demand for SOL remains a structural tailwind. 2) Solana Foundation launches Solana DvP The Foundation released an open-source, onchain Delivery-versus-Payment settlement program built for financial institutions, developed with input from J.P. Morgan. Together with the new MPL-3643 standard for permissioned securities, this is another step toward making Solana the settlement layer for tokenized stocks, funds and RWAs. 3) September ecosystem roundup: tokenization, stablecoins and payments lead Solana's September recap highlights growth in tokenized stocks, stablecoins, payments and DeFi. Solana DeFi TVL is back above $6.5B, its highest level since the Drift hack and up roughly 38% in two months. Open USD is now live on Solana with 1:1 free mint/redeem and more than $1B in committed liquidity. 4) New tooling: Solana Microscope A new open-source tool turns Solana program and Squads multisig activity into Grafana dashboards, with alerts to Slack, Telegram or PagerDuty. This kind of monitoring is useful for teams and DAOs after a busy year of exploits. 5) Ecosystem caution: Dominion Market shuts down Dominion Market, a tokenized-silver project on Solana, is shutting down weeks after an exploit drained more than 42,000 $SILV and its liquidity collapsed. This is a reminder to check audits and liquidity before you ape into smaller RWA protocols. 6) Leadership and institutional push The Foundation recently appointed Rachel Conlan (ex-Binance CMO) as Chief Strategy Officer and Jamal Raees as GM of Payments, focusing on stablecoins and tokenized deposits. Project Harmonia, which connects Allfunds (~€1.9T under administration) to tokenized funds on Solana, is taking submissions until October 24. 📈 KEY TECHNICAL LEVELS • Resistance: $115.50 (pivot) → $116.80 → $118.20–$119.10 (7D/20D moving averages) • Support: $111.90 (lower Bollinger band) → $107.90 (50-day SMA) • Stochastic is deeply oversold, RSI is neutral (~50) and MACD is flattening, which suggests a possible bearish crossover. 🔮 SENTIMENT FOR THE NEXT 24H: NEUTRAL-TO-SLIGHTLY BEARISH ⚖️ On the short-term chart, sellers are in control: SOL lost $113 and trades below its short-term moving averages. The $111.90 zone is the line to watch. A daily close below it opens the way toward the 50-day SMA near $108. On the other hand, oversold momentum, neutral funding and steady institutional news (treasury buying, DvP, the RWA push) make a relief bounce toward $115.50–$117 plausible if buyers defend $112. Our base case is choppy trading between $110 and $116. Fundamentals stay strong even though the price is weak. Stay safe, manage your risk, and see you tomorrow, Solana Family! 💜💚 Not financial advice. Do your own research. Sources: SolanaFloor, Solana.com/news, Cointelegraph, Decrypt, Investing.com, Blockchain.News; prices from Kraken & CoinGecko.