Solana’s distributed real-world asset value has reached a reported all-time high of $2.7 billion, adding a new fundamental catalyst while SOL remains under selling pressure.
Summary
- Solana’s distributed RWA value reached $2.7 billion as institutional tokenization activity expanded across the network.
- SOL trades near $63, but a TD Sequential buy signal places $77 resistance within focus.
- Treasury sales and weak market momentum may limit gains despite stronger RWA and DeFi fundamentals.
According to crypto.news data, the token traded near $63.21 on June 10, down 4.22% in 24 hours and 15.73% over seven days.
SOL has also lost 33.62% during the past month and around 60% over one year. That gap between network growth and price weakness places the $60 support and $77 resistance cluster at the center of the next move.
Solana RWA value reaches a new record
Data cited by the RWA Foundation placed Solana’s distributed RWA value at $2.7 billion. The figure covers tokenized assets issued or distributed through the network, including funds, credit products, stablecoin infrastructure and tokenized securities.
The latest milestone follows strong growth during the first quarter. Messari reported that Solana’s RWA market capitalization rose 43% quarter over quarter to $2.01 billion. A move to $2.7 billion would represent further growth of about 34% from that quarterly level.
BlackRock, Securitize, Paxos, Anchorage Digital, Solstice, Ethena and Maple Finance are among the firms or platforms linked to Solana’s tokenization market. BlackRock’s BUIDL fund, issued through Securitize, has become one of the network’s larger institutional assets.
Tokenized products can increase settlement activity, collateral use and stablecoin demand. However, rising RWA value does not automatically translate into a higher SOL price because institutions may use the network without building direct speculative positions in the token.
Solana price holds near three-year support
SOL traded between $63.19 and $66.41 during the latest 24-hour period. Its market capitalization stood near $36.6 billion, while daily trading volume reached about $2.7 billion.
The price recently fell below $61 before buyers defended the $60 area. That level has become the main short-term support after the market-wide decline pushed SOL to its lowest zone since early 2023.
A daily close below $60 would weaken the recovery case and expose support near $57. A deeper selloff could bring the psychological $50 level into focus, especially if Bitcoin and the wider altcoin market continue to fall.
On the upside, SOL must first recover above $66.40 and the $68 area. The next major resistance sits between $75 and $77, followed by the wider $75–$81 supply zone that blocked earlier recovery attempts.
TD Sequential signal points toward $77
Market analyst Ali Martinez reported a new TD Sequential buy signal on Solana’s chart. The indicator searches for exhaustion after a series of candles moving in one direction and can identify areas where a reversal may begin.
“If it plays out, a move to the $77 resistance cluster could be next,” Martinez said.
The signal remains unconfirmed while SOL trades near $63. A move to $77 would require a gain of nearly 22%, while the price would still face resistance before reaching the target.
The setup becomes stronger if SOL closes above $68 with rising spot volume. A break above $75 would then place the $77 cluster within reach. Failure to reclaim $66.40 would leave the signal vulnerable to invalidation.
Solana’s broader network data offers support for the bullish case. DeFiLlama showed about $4.8 billion locked in DeFi, 1.79 million active addresses and around $15.1 billion in stablecoins.
The network also processed roughly $1.46 billion in decentralized exchange volume and $1.92 billion in perpetual futures volume over 24 hours. These metrics show active usage, although they have not stopped SOL from falling with the broader market.
Treasury selling may limit the rebound
Corporate treasury activity has added short-term supply. SOL Strategies sold 65,001 SOL at an average price of C$87.88, using the proceeds to settle about C$5.75 million in debt.
The transaction reduced its reported holdings by about 12.4%, from 521,174 SOL to roughly 456,173 SOL. The company described the sale as balance-sheet management during volatile market conditions.
Forward Industries also made a non-binding stock proposal to acquire Brera Holdings, a company reported to hold about 2.1 million SOL. Brera rejected the proposal, although Forward may return with a formal offer.
The activity shows that institutional exposure to Solana remains active, but not all treasury moves create immediate buying demand. Debt reduction and corporate restructuring can place tokens on the market during weak conditions.
For SOL to confirm a durable rebound, buyers must protect $60, reclaim $68 and break the $75–$77 zone. The $2.7 billion RWA milestone strengthens Solana’s network case, but price confirmation remains necessary before the technical trend turns bullish.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
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