Solana

SOL Strategies announced its Orangefin validator will provide staking services for VanEck's Solana ETF, according to a press release. The company operates ISO 27001 and SOC 2 certified validators managing over CAD$610 million in assets. Solana trades near $134 after declining more than 18% over the past week, with analysts watching the $100 support level.

Bitcoin declined 10.32% over the past seven days while gold rose 1.79%, data show. Strategy acquired 8,178 BTC for approximately $835.6 million at $102,171 per coin. Crypto miner and Solana ecosystem indices recorded significant losses during the downturn.

VanEck began trading its Solana ETF (VSOL) on Nasdaq on November 17 with $10 million in seed capital representing 51,656 SOL tokens. The fund charges a 0.30% management fee, waived for three months on the first $1 billion in assets. Grayscale's competing GSOL holds $541.31 million in net assets and charges 0.35%.

More than $297 million in token unlocks will enter circulation between November 17 and November 24, data show. ZRO will release $37.28 million and Solana $69.53 million, adding supply during a period of heightened market volatility. The unlocks span both cliff events and linear releases across multiple projects.

Token unlocks worth over $297 million are scheduled between November 17 and November 24 across multiple projects. LayerZero will release 25.71 million ZRO tokens valued at $37.28 million, representing the largest single cliff unlock. SOON follows with 15.21 million tokens worth $25.86 million, according to Tokenomist data.

Solana trades at $142.27, up 0.79% daily but down 16% weekly, as traders assess reversal signals near critical support. A TD Sequential buy signal on the 12-hour chart suggests potential exhaustion, according to Ali Martinez. Analysts monitor the $142 breakout level and $127 support threshold for directional confirmation.

Digital asset treasury firms holding Solana have seen their valuations decline 40% as SOL dropped from $253 to $135. DFDV's CIO Parker White views the correction as an accumulation opportunity. White projects SOL could reach $10,000 over the next decade as digital value transfer expands globally.

Bitcoin traded around $96,243 with slight daily gains but posted a weekly decline exceeding 5%. The Fear & Greed Index dropped to 18, indicating extreme fear among investors. Total cryptocurrency market capitalization reached approximately $3.28 trillion, with 24-hour trading volume surpassing $48 billion.

Helium (HNT), a decentralized physical infrastructure network operating on Solana, has gained over 16% in the past month following the launch of its buyback program on October 20. The initiative has been repurchasing approximately $30,000 worth of tokens monthly using collected network fees. Trading activity shows buyside orders at $1.47 million exceeding sellside at $1.32 million over the past week.

Institutional investors have continued to allocate capital to Solana and XRP exchange-traded products despite recent weakness in cryptocurrency markets. Canary's XRP ETF recorded $245 million in net inflows on its first trading day, setting a 2025 record for ETF launches across all asset classes, according to Farside Investors data. Bitwise's Solana fund added $12 million on November 14, bringing weekly inflows to $46 million without experiencing any outflows since its debut three weeks earlier.