Solana (SOL) shows signs of price stabilization around $90 after recent volatility, supported by renewed institutional interest. Spot ETFs for the asset have recorded significant capital inflows, including a $19 million net inflow on March 4th. Meanwhile, on-chain data reveals stablecoin transaction volume on the Solana network surged to a record $650 billion in February, indicating robust network activity.
Institutional investors are returning to buy Solana’s dip after a period of retreat, with sentiment shifting over the past three weeks. Solana Spot ETFs have recorded net capital inflows for three consecutive days, signaling renewed interest.
On March 4th, net inflow climbed to $19 million, the second-highest since early January. Such massive inflows are a key driver of the ongoing price rally for the asset.
Concurrently, a report from Grayscale shows stablecoin transaction volume on Solana hit a record high of $650 billion in February. This volume, which more than doubled the previous record from October 2025, was the largest among all major chains that month.
This activity was backed by over 5.3 million addresses, according to Artemis data. Sustained network usage like this reflects underlying demand for the blockchain’s native token.
Market indicators suggest a potential trend reversal for SOL as bears lose strength. The asset’s bias ratio shows it holds above both short- and long-term deviations, indicating a gradual shift in momentum.
The Awesome Oscillator also shows momentum shifting bullish. “If the demand witnessed recently sustains, SOL is likely to successfully retest $94 and eye a move above $100.”
