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Solana (SOL) Price Today: SOL Holds $119 Support as Fiserv Bank Stablecoin and Alpenglow Testnet Go Live | Oct 3, 2026
**Solana Family Daily Brief — Saturday, October 3, 2026 (12:00 UTC)** GM, Solana Family! Here's your 24-hour roundup on SOL and the Solana network. No memecoins today, just the platform and the token. ## 📊 SOL Market Snapshot (last 24h) - **SOL/USDT:** $119.45 (−1.97% in 24h) | High $123.36 / Low $117.13 - **SOL/USDC:** $119.41 (−1.99% in 24h) | High $123.35 / Low $117.12 - **Market cap:** ~$70.2B - **24h volume (all markets):** ~$3.06B SOL tested the $123 area early in the session but was rejected below the $122.65–$125 resistance band and pulled back to defend the $117–$118 support zone. USDT and USDC pairs are trading in lockstep (spread under $0.05), so there's no stablecoin dislocation to worry about. ## 📰 Top Solana News **1. Fiserv takes bank stablecoins live on Solana** Fiserv activated its digital asset platform with Roughrider Coin, a dollar-backed stablecoin from the Bank of North Dakota. Transactions settle on Solana, with Fireblocks infrastructure and VersaBank custody, opening near-instant bank-to-bank transfers to 90+ North Dakota banks and credit unions. This is a move from pilot to production for regulated finance on Solana. **2. Alpenglow, Solana's biggest consensus upgrade, enters testing** The Alpenglow upgrade is now in testing, targeting finality of about 150 ms (down from ~12.8 seconds). It comes on top of the recent slot-time cut from 400 ms to a 250 ms target. **3. Shinhan Bank completes Solana stablecoin pilot** Shinhan Bank, South Korea's second-largest commercial bank, finished a proof of concept for stablecoin-based corporate cross-border remittances on Solana, without corporate clients needing to hold crypto directly. **4. ETF demand remains strong, though it is cooling at the margin** U.S. spot Solana ETFs set a weekly record of about $188M in net inflows for the week ending Sep 28 (Bitwise BSOL took ~68%), and September brought ~$271M, the best month in 10 months. ETF products have now logged 13 straight weeks of inflows (~$1.6B cumulative). Inflows across crypto ETFs cooled late in the week, however. **5. On-chain liquidity hits new highs** Stablecoin supply on Solana reached an all-time high of ~$17.4B, with Circle and Tether minting over $1.2B in fresh liquidity. Open USD also launched on Solana with $1B+ in committed liquidity. DeFi TVL is back above $6.5B, its highest level since the Drift exploit and up ~38% in two months. **6. Ecosystem and legal notes** A federal judge dismissed the $LIBRA/$M3M3 case against Hayden Davis and Meteora without prejudice, closing a long-running legal overhang. Separately, Metaplex introduced the MPL-3643 standard for permissioned RWAs and tokenized securities. ## 🔭 Sentiment for the Next 24 Hours: NEUTRAL, slight bullish bias **Why:** The fundamentals are clearly strong: bank-grade stablecoin deployments, record stablecoin supply, steady ETF inflows and Alpenglow progress. Price action is less convincing. SOL was rejected at resistance, and it's a weekend, when liquidity is usually thinner and moves are choppier. **Levels to watch:** - 🟢 **Bullish:** A reclaim of $122.65–$125 opens the way to $135. - ⚪ **Base case:** Range trading between $117 and $123. - 🔴 **Bearish:** A daily close below $117–$118 exposes $114 (20-day EMA), then $108. *Not financial advice. Always DYOR. See you tomorrow, Solana Family! ☀️* Sources: SolanaFloor, Solana.com/news, Cointelegraph, Decrypt, CoinMarketCap, Crypto Daily, CoinEdition. Price data from OKX, Coinbase and CoinGecko.