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Solana hits 167 million monthly holders, a huge record. However, the price of SOL is swinging hard. Take a closer look at all the details and noteworthy trends.
Even with price fluctuations recently, Solana has made more milestones. In early April 2026, the network experienced 167 million monthly token holders. This is another big moment in the growth of Solana.
A Record That Signals Growing Adoption
According to a recent X post by Tokens on Solana using Token Terminal data, Solana has now reached 167 million monthly token holders. More holders means more user retention in the Solana ecosystem during volatile market moves.
This was not the only positive news, as Solana is also becoming a hot topic among institutional investors. In fact, DeFi Development Corp recently revealed that it held approximately 2.22 million SOL tokens at the end of March in its treasury.
Other metrics show mixed signals despite the increasing number of token holders. For example, Token Terminal data shows that Solana currently records around 34 million monthly active addresses. This is a dip from the March active address count of 40 million. In other words, there are more people who are holding SOL, but fewer people are making transactions.
Price Volatility Continues As Technicals Turn Bearish
When it comes to the Solana value, it has been going up and down recently. CoinMarketCap shows that the SOL price grew from around $79 to nearly $82 in the past seven days. However, this is a slight rebound after dipping over 5% on the one-month chart. As with most of the crypto market, this movement is affected by the current state of the global finances and the rise in geopolitical tensions in the Middle East.
At the same time, the technical indicators for SOL are also flashing red signals. Investing.com data points to the MACD (12,26) indicator having a value of -0.118. This is in the sell zone and suggests a bearish crossing as the 12-day EMA is below the 26-day EMA.
Furthermore, the ROC indicator is also falling in the sell zone with a value of -0.638. This indicates that selling pressure is rising for SOL, potentially pushing its value down further. If these technical indicators continue being ruled by bears, the recovery of SOL could be difficult.
What Comes Next?
Solana’s record-breaking 167 million holders is a big milestone and shows that adoption for this crypto is still rising. The key question now is, can Solana convert this growing base of holders into more activity and bullish momentum?
If active address counts begin to rise again with the user base, it could bring a new wave of engagement. With the improved market conditions, we may see even more significant price recoveries. SOL would then have to break through its first overhead resistance of $86 and then encounter stronger resistance at $96. But it may even dip to its support level of $80 if it fails.