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Solana (SOL) Price Today: SOL Holds $120 as ETF Inflows Hit Record, Stablecoins at ATH | Sep 29, 2026
**Solana Family Daily Brief, September 29, 2026 (12:30 UTC)** ## SOL Price Snapshot (last 24h) - **SOL/USDT:** $120.23, **+0.7%** in 24h (open $119.41) - **SOL/USDC:** $120.23, **+0.7%** in 24h (open $119.38) - **24h range:** $116.33 low to $120.75 high - **SOL/USDT spot volume (OKX):** ~$92M SOL spent the day in a tight $116–$121 band. Buyers defended the $116 area overnight and pushed price back to the top of the range. The move is small, but SOL is holding the gains it made last week. ## Top Solana News **1. Spot Solana ETFs log a record day.** U.S. spot SOL ETFs took in **$86.6M** in a single session, their best day since launch. Weekly inflows reached **$188.2M**, the second-best week on record. Monday's figures cooled down: combined BTC, ETH, SOL and XRP ETF inflows were about $64.8M, roughly 80% below Friday. Institutional demand is still there, but it is slowing. **2. Stablecoin supply on Solana hits an all-time high.** Stablecoins on Solana reached **$17.39B**, up about 7% in 24 hours. More capital parked on-chain usually means more liquidity for DeFi and payments. **3. Faster blocks: slot time cut from 400ms to 250ms.** Solana published an analysis of how the shorter slot target is affecting on-chain activity. Meanwhile **Alpenglow**, the largest consensus upgrade in Solana's history, is on testnet. It replaces TowerBFT and targets about **150ms finality**. **4. DeFi and RWAs keep growing.** Solana is leading DEX volume as DeFi activity picks back up. Real-world assets on the network are now above **$4.4B**, helped by Centrifuge bringing $HYB to Solana. **5. Treasury companies (DATs) are back in play.** SOL's recovery has pushed Solana treasury companies' market-to-NAV ratios higher. That lets them raise capital and add more SOL. **6. Ecosystem and leadership.** The Solana Foundation named **Rachel Conlan** as Chief Strategy Officer and **Jamal Raees** as GM of Payments to push institutional and payments adoption. ZetaChain holders also approved moving ZETA from its Cosmos L1 to Solana. And with the SEC's Innovation Exemption allowing tokenized stocks on public blockchains, Solana is positioning itself as a venue for on-chain equities. ## Market Sentiment for the Next 24h: **Cautiously Bullish** 🟢🟡 **Bullish:** record ETF inflows last week, stablecoin supply at an all-time high, DEX volume leadership, treasury companies buying, and a strong upgrade roadmap (250ms slots, Alpenglow). **Watch out for:** ETF inflows slowing on Monday, SOL running into resistance around **$120.50–$121**, and a market that still tends to follow Bitcoin. **Key levels:** - Support: **$116–$117**, then $113 - Resistance: **$121**, then $125 A clean 4h close above $121 could open a move toward $125. Losing $116 would likely send price back to the low $110s. The base case is range trading with an upward bias. *This is not financial advice. Always do your own research.* Sources: SolanaFloor, Solana.com/news, Cointelegraph, Decrypt. Price data from OKX and Kraken spot markets.