Upexi recorded an estimated $179 million net loss in the fourth quarter of 2025 as weaker crypto prices hit its Solana-heavy reserves, yet the firm still added 106,000 SOL and finished the year with more than 2 million tokens. Around 95% of its SOL stack is staked, while the company bolstered liquidity with a $36 million Solana-backed convertible note and a $7.4 million direct offering. Over the same period, Solana's price slid toward key technical support around $78–$79 after breaking down from higher levels.

Solana extended its slide as more than $300 million in long positions were liquidated, while selling pressure remained dominant around resistance areas. At the time of writing, SOL traded at $83.98, down 6.63% on the day and 27.9% over seven days, with volume above $15.46 billion pointing to active participation during the drop.

On Feb. 5, U.S. spot crypto ETFs showed diverging flows, with Bitcoin products losing $434 million and Ethereum funds seeing $80.79 million in outflows, while Solana spot ETFs attracted $2.82 million. Over the past week, Solana’s network processed more than $31 billion in DEX spot trading volume even as SOL fell to $81.12, down 10.15% on the day and 29.70% over seven days, leaving analysts divided on whether a longer-term path toward $1,000 by 2030 is feasible.

Solana slipped below $105, with SOL trading at $102.91 after a 15.90% weekly drop. CoinShares said in a weekly update that crypto investment products saw $1.7 billion of outflows, turning year-to-date flows to a $1 billion global outflow. Flows were led by $1.65 billion from the US, while short Bitcoin products drew $14.5 million.

On January 29, 2026, 21Shares listed the Jito Staked SOL ETP (JSOL) on Euronext Amsterdam and Paris, offering Solana exposure with liquid staking yield and a 0.99% TER. The product tracks JitoSOL and is tradable in USD and EUR, while analysts highlight resistance near $140 and $180 with potential targets up to $250.

Solana's validator set has contracted from around 2,500 nodes to fewer than 800, intensifying worries that stake is concentrating in large zero-fee operators. Many smaller validators report that reduced stake-pool income and a roughly 50% drop in foundation matching have pushed their operations into sustained losses, while SOL's price remains range-bound around $125.97 with key levels between $120 and $150 in focus.

Digital asset investment products attracted $2.17 billion in new money over the last week, the largest weekly inflow since October 2025, even as macro headlines weighed on sentiment. Bitcoin led with $1.55 billion, while Ethereum saw $496 million and Solana $45.5 million, though SOL's spot price slipped to about $133.6 amid whale activity and technical resistance near $145.

On January 15 (ET), Ethereum spot ETFs recorded $164 million in net inflows, extending a four‑session streak as Bitcoin vehicles added $100 million the prior day. SOL traded at $143.34, up 0.75% on 24 hours and 2.64% week‑over‑week, while analysts highlighted $147 as a pivot for potential moves toward $155 and possibly $170.

An anonymous 4chan poster known for previous Bitcoin cycle calls has outlined fresh macro targets, projecting BTC at $200,000, ETH at $10,000 and SOL at $1,000 in 2026. The outlook ties these levels to shifting liquidity dynamics and rotation into higher-risk assets, while Solana’s recent move to around $141, with support defended near $128–$131, keeps technical sentiment constructive despite moderating network growth.