Solana remains under pressure after hotter-than-expected U.S. inflation rattled crypto markets.
SOL traded at $102.19 Thursday as chart readings stayed weak; a daily close below $100 would shift attention to the next identified level near $96.
The establishment of a new Solana Foundation office in one of Shanghai's highest commercial buildings has drawn out criticism from industry leaders, who wonder how China, with its historic anti-crypto stance, allowed a top-ten cryptocurrency to set up shop in the country.
Gauntlet and Kamino developed the vaults for SOL holders seeking yield.
Solana carries the largest single share of trading in tokenized equities again, at around 31 percent of weekly volume. What decides the outcome for investors is not the ranking, though, but the legal form of these tokens.
SOL was up 0.75% over 24 hours. Liquidations across three exchanges totaled $2.81 million during the same hour.
Earlier this week, the Solana-focused research and development firm Anza revealed that Solana's highly anticipated upgrade Alpenglow is scheduled to activate on Wednesday, Oct. 21, 2026. According to developers and Solana documentation, Alpenglow is expected to make finality roughly 99% faster.
Bastion Trading, which owns about 9.99% of SkyAI, is opposing the company's planned $3-per-share tender offer and questioning the sale of roughly 70% of its solana treasury. The investor wants more disclosure, board changes, and a higher tender price of at least $3.50 before it will participate.
Solana opened a Shanghai office on October 14, marking what the source describes as the first such move by a major blockchain ecosystem in mainland China. Binance founder Changpeng Zhao said the expansion surprised him because BNB Chain had not secured comparable advertising or office presence in China.
Solana's record tokenized equities volume in Q3 2026 signals robust network engagement and potential positive impacts on its market value. Solana hits record $7B in tokenized equities volume in Q3 2026.
Solana price has rebounded above $106 after testing $100 support, but negative daily momentum and several overhead moving averages leave its recovery facing resistance. TradingView's Binance SOL/USDT daily chart showed Solana at $106.21 on Oct. 15, up 1.
SOL traders are in a tricky position right now.