Solana (SOL) holders doubled their altcoin purchases and increased their exposure to a record high of 166.9 million SOL.
According to Token Terminal data, the latest record ownership meant that SOL became the fourth largest held L1 token behind Binance (BNB). Ethereum (ETH)and Tron (TRX).
At the end of 2025, SOL had 154.2 million unique owners; This shows that current ownership increased by 8.2% in the first quarter of 2026.
Additionally, this also meant that there was strong interest in altcoins among altcoin holders during the crypto rout. Since the crash in October, SOL’s price has fallen from $224 to $84, marking a 63% decline. During the same period, token holders increased by 12% from 148.9 million to an all-time high of 166.9 million.
Although this was a bullish signal, the pace of outflows from the token on the price charts remained low.
SOL outflow reached $18 billion
An important factor in measuring SOL’s sensitivity is Realized Emission, which tracks capital inflows into the asset.
Since last October, this metric has fallen from a record $96.9 billion to $78.5 billion. capital outflows from the LEFT.
Although the measure is a lagging indicator, past recoveries have marked local and cyclical bottoms followed by a sustained rise. At the time of this writing, the metric has yet to sign a comeback despite SOL consolidating recent losses in the $75-$93 price range.
In other words, despite record token holders, capital inflows were not strong enough to raise the price of SOL. But all is not lost. Solana and XRP led altcoin inflows last week, according to CoinShares. SOL’s inflow amounted to $34.9 million, which represents an almost 4x difference compared to XRP’s $120 million.
If XRP continues to attract 4x more capital inflows than SOL, XRP could experience a stronger recovery than SOL.
Meanwhile, the price of SOL rose nearly 7% from $78 to $87 after the ceasefire in Iran brought broader relief to the market. If tender If it continues into the weekend, the mid-$85 range could be regained, offering a path to the $90-93 range or 9% potential gains.
However, if the momentum fades, the altcoin may return to $77.
Final Summary
- SOL token holders reached an all-time high of 167 million in April, marking a 12% increase since last October.
- However, the altcoin has seen capital outflows of $18.2 billion in the past few months, reducing the likelihood of a sustainable price recovery.
