Overview
- SOL traded near $78 on Feb. 28, about 72% below its $295 peak, after reports of Israeli strikes on Iran with U.S. involvement prompted a broader crypto sell-off and rapid liquidations exceeding $100 million in minutes.
- Solana led decentralized exchange activity over the past 30 days with roughly $108 billion in volume, surpassing Ethereum’s about $63.7 billion, while 24-hour application revenue slightly topped Ethereum’s by the latest readings.
- Spot SOL ETFs saw limited recent outflows of about $11.3 million over two weeks, a steadier profile than Bitcoin and Ethereum products that logged four straight months of net withdrawals.
- Solana’s real‑world asset tokenization sector reached approximately $1.71 billion in value, up about 45% over the past month, marking a new high for that segment.
- Technicians flagged key support levels near $50, $22 and $10 based on a developing weekly Parallel Channel, with additional watch zones highlighted around $60–$70 and $22–$29.