Solana’s stablecoin supply has just experienced a significant jump of $106.8 million over the past 24 hours, and this unexpected surge is now fueling speculations about a potential SOL rally. This boost shows that investor interest is growing, and it also happens to line up with some interesting accumulation patterns that might point to bullish SOL price prediction scenarios in the coming weeks.
Also Read: Ripple (XRP) Bullish Price Prediction For April 2025
Solana’s Surge: Stablecoin Growth, Market Trends & Price Outlook
Stablecoin Influx Points to Market Confidence
The total supply of stablecoins on the Solana network increased by a whopping $106.8 million over just the last 24 hours. This kind of injection of stablecoin liquidity is generally seen as dry powder that’s basically sitting there, ready for potential investment opportunities within the Solana ecosystem. Fresh capital has been attracted to the network for various reasons, such as protocol staking and also ongoing development initiatives.
Right now, market participants are actively buying up SOL, with on-chain data showing purchases exceeding $100 million over just the past five days. The largest transaction actually happened on March 28, when about $89 million worth of SOL changed hands in a single block.
Traders Shift to Long-term Holding
Recent on-chain metrics from the past week or so reveal a pretty notable change in trader behavior that seems to support a bullish SOL price prediction. Investors are currently moving their Solana stablecoin supply and SOL tokens to private wallets instead of just keeping them on exchanges.
Also Read: ETH Price Struggles: 74% of Supply Below Cost—What’s Next?
This activity suggests a transition toward long-term holding strategies, which is interesting to see. The Solana network’s transaction count jumped from around 87.6 million to approximately 92.7 million between March 24 and today, which demonstrates active trader participation despite all the usual market fluctuations.
Derivatives Show Bullish Sentiment
The derivatives market at the time of writing provides additional evidence that there’s growing optimism surrounding Solana. Open Interest has increased across both futures and options markets, with futures OI up about 1.69% to $4.70 billion and options OI jumping an impressive 16.19% to $3.3 million.
Trading volume has also risen by around 21.15% to $11.25 billion, which confirms heightened activity around SOL. These metrics strengthen the Solana rally potential, and several analysts suggest that a push toward the $130 mark becomes increasingly possible.
Growing Ecosystem Strengthens SOL Outlook
Solana’s super-fast transaction capabilities and relatively low fees continue attracting developers and users alike, which supports ongoing demand for SOL. The network’s resilience has maintained healthy activity levels that could translate to long-term value.
For investors who are worried about volatility and such, the steady influx of Solana stablecoin supply provides some confidence that liquidity will be there to support price stability even if broader crypto market trends face turbulence.
Also Read: SHIB to Surpass Cardano? Here’s the Price Target If It Happens
As traders continue moving assets to private wallets and derivatives markets signal increasing confidence, conditions appear pretty favorable for upward pressure on SOL prices in the near future. The combination of growing stablecoin supply and decreasing circulating supply seems to create a potential foundation for a SOL price prediction that includes some significant appreciation over the coming weeks.