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MarketAnalysisAltcoinSolanaTop StoriesSOL
Sep 11, 2026
3min read
byGodfrey Benjamin
forThe Coin Republic
See what traders are focused on
Key Insights:
- Solana price remains near $105 as record token launches push network activity to a new daily high.
- Circle mints 250 million USDC as SOL price faces resistance between $104.5 and $105.5.
- Bitwise records $107.4 million in ETF inflows, keeping Solana price in focus for a possible move toward $110.
Solana price is testing key resistance near $105 as the network records more than 263,000 token launches in one day, while Circle mints 250 million USDC on Solana. Strong app revenue and $107.4 million in inflows into the Bitwise BSOL ETF also keep SOL price in focus as traders watch for a possible move toward $110.
Solana Token Launches Set Fresh Daily Record
Solana recorded its highest-ever number of daily token launches, with more than 263,000 new tokens created in a single day, according to a post shared by Crypto Warrior. The jump adds to the broader picture of activity on the network, where new projects and token creation remain active even as the SOL price struggles to clear a key resistance zone.
The network also saw Circle mint another 250 million USDC on Solana over the past 24 hours. That adds another important detail to the latest token launch record. That’s because the network is seeing both new token creation and fresh stablecoin supply.
At the same time, Solana apps generated $5.09 million in revenue in a single day That figure was about 50% higher than the next network on the list. BSC recorded $3.3 million, Robinhood Chain posted $3.24 million, Hyperliquid L1 reached $1.95 million, while Ethereum recorded $1.52 million
The figures show that the recent activity is not limited to token launches. This mix gives traders another reason to watch demand closely. App revenue and USDC issuance are also contributing to the picture, giving Solana several signs of continued use while the SOL price remains near a major decision area.
Solana Price:Bitwise Continues Buying Solana
Institutional interest is another part of the latest Solana story. Arkham reported that Bitwise has bought $107 million worth of Solana through its BSOL ETF over the past month.
More specifically, the BSOL ETF took in $107.4 million over the last 20 trading days, with outflows recorded on only two of those days. That means most of the recent trading sessions tracked by Arkham saw money flowing into the fund.
The buying comes while Solana price is trading around the $103 area. The combination of steady ETF inflows and strong network activity has raised the question of whether institutions are using the recent weakness in SOL price as an opportunity to add exposure.
Arkham data also shows Bitwise holding a large Solana position. Its dashboard lists more than 9.034 million SOL, valued at about $918 million at the displayed price. The figures underline the scale of the fund’s exposure as the market watches the next move.
Solana Price Faces $105 Resistance
Solana opened at $103.37 on Coinbase before climbing to $105.17 and then moving back toward $103, according to market analysis shared by Ella. The move put the SOL price back inside a resistance area that has continued to limit stronger gains.
The key resistance zone sits between $104.5 and $105.5. Buyers have kept the short-term structure intact, but the rejection above $105 shows that sellers remain active around that level.
A daily close above $105.5 would be needed to give buyers a clearer signal, with $107.5 to $110 then becoming the next structural area to watch. For Solana price, that would put the $110 level within reach if buying pressure continues.
The first support zone is between $101.5 and $102.5. A daily close below $101.5 could weaken the current setup and bring the $99-$100 area back into focus.
For now, the SOL price remains in consolidation between support and resistance. Record token launches, strong app revenue, fresh USDC issuance, and Bitwise inflows show that network and investor activity remain firm. However, the Solana price still needs to break through the $105.5 barrier before the move toward $110 can be considered a confirmed breakout.
Source: cryptorank.io