Solana (SOL) dropped sharply to $85.73 on February 6, 2026, a weekly decline of over 26%. This move broke below its key 2024 support level. Despite the price fall, trading activity increased significantly. Concurrently, the Solana ecosystem saw development in its real-world asset (RWA) sector, with Multiliquid and Metalayer Ventures launching an instant redemption facility for tokenized assets.
Solana’s price decline of 26.49% over the past week was accompanied by a 49.13% surge in trading volume to $13.34 billion. The cryptocurrency broke decisively below its January 2024 consolidation range between $128 and $150.
Analyst Umair Crypto highlighted that SOL’s drop below the $100 Point of Control triggered an approximate 27% sell-off. “Price is pulling back while volume expands, indicating downside conviction rather than a rapid V-shaped recovery,” he stated.
From a technical perspective, SOL is trading well below key downward-sloping moving averages. The Relative Strength Index has dipped below 30, entering deep oversold territory.
Amid the bearish price action, Solana is advancing its real-world asset ecosystem. Multiliquid and Metalayer Ventures launched an instant redemption facility for tokenized assets like private credit and real estate.
The facility allows holders to convert positions into stablecoins around the clock, addressing a liquidity bottleneck. It operates with support from Uniform Labs and the Multiliquid protocol, dynamically pricing redemptions.
Solana’s RWA market has surpassed $1 billion, including assets from issuers like VanEck and Janus Henderson. Nick Ducoff, Head of Institutional Growth at the Solana Foundation, said reliable redemption capacity is critical infrastructure for the tokenized asset ecosystem.
