Citi declares Solana the future of finance: Will SOL explode?

Citi and Solana: The Future of Financial Markets?

This is news that should have propelled the market upward. Citi, in collaboration with PwC, has successfully conducted a proof of concept (PoC) using the Solana blockchain. The objective? To simulate the complete lifecycle of tokenized bills of exchange, from issuance to settlement. This real-world test proves that Solana is technically capable of becoming the infrastructure for tomorrow’s capital markets.

Despite this technological success, the market remains unmoved. Yet, the network’s fundamentals have never been stronger. According to recent data, Solana processes approximately 3 times more daily transactions than the Ethereum blockchain, even surpassing the combined total of Ethereum and its Layer 2 solutions. This dominance in terms of network activity confirms Solana’s status as the undisputed leader for high-throughput applications.

Zheng Jie Lim, engineer at Artemis, perfectly summarizes the situation:

“Solana is number one in users, transactions, and trading volume… This is how Solana becomes the capital market of the Internet.”

Why is SOL Collapsing Despite Adoption?

The contrast is striking. While institutions are building, SOL’s price is in free fall. Currently trading in the $77 – $81 zone, the token is experiencing intense selling pressure. However, a key indicator suggests that savvy investors are not abandoning ship, quite the opposite.

Despite losing more than 11% in value over the past week, spot Solana ETFs recorded net inflows of $8.89 million. Total assets under management in these products now reach approximately $673.99 million. This signal is crucial: it indicates that institutional investors are taking advantage of this retracement to accumulate SOL at reduced prices, betting on the long-term vision rather than immediate volatility.

Solana’s TVL (Total Value Locked) remains around $6.36 billion. Although down from late 2025 peaks, activity on decentralized exchanges (DEX) remains robust with a volume of $3.72 billion. Users are there, liquidity is there, but short-term market sentiment remains dominated by fear.

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Technical Analysis: Is the $70 Support in Danger?

From a technical perspective, SOL’s market structure is concerning in the short term. The price has broken several intermediate supports and is now testing the strength of the psychological zone of $75 – $77. Momentum indicators like the RSI are flirting with the oversold zone, which could foreshadow a technical bounce in the short term, or at least stabilization.

If the bears maintain control and break through the current support, the next major defense level sits around $60 – $65. Such a drop would temporarily invalidate the quick recovery scenario. Conversely, to restart a bullish dynamic, SOL must imperatively reclaim the $85 resistance, then attack the $90 threshold with volume.

For now, as long as SOL doesn’t break through these resistance zones between $82 and $89, SOL remains at the mercy of sellers and a deeper drop to $50 is still possible.

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