SOL rebounds as active wallets near 7M

TLDR

Solana (SOL) is rebounding in price while network activity climbs toward a yearly high near 7 million active wallets, creating a usage-versus-price divergence.

1. Solana has bounced from the mid?$60s into the low?$80s alongside on-chain activity nearing 7 million active wallets and record throughput.
2. The activity surge is driven by tokenized stocks, stablecoins, memecoins, and new prediction markets, plus growing institutional experiments on Solana.
3. Price still lags fundamentals, with supply overhang and broader market risks, so the key is whether high activity and fees persist over the coming weeks.

Deep Dive

1. Rebound Magnitude And Network Data

Recent reports show Solana (SOL) recovering from a late June trough around $66$70 to above $80, with weekly gains in the mid?teens percent and market cap near the mid?$40 billion range, keeping it around rank seven by value Solana rebound and wallets.

On-chain, active addresses are retesting yearly highs just below 7 million, while the seven?day average throughput is approaching about 1,100 transactions per second, close to an all?time high for the network Solana activity tests highs.

This combination of rising price plus rising usage contrasts with many altcoins, where rebounds often happen without clear fundamental backing.

2. What Is Driving The Activity Surge

Several flows are pushing usage higher at the same time. Tokenized stock trading on Solana has surpassed roughly $10 billion in cumulative transfers, with tokenized assets net flows hitting record levels and hundreds of thousands of active addresses in the real?world asset segment tokenized assets on Solana.

Memecoin launchpads and airdrops, such as Pump.fun and tokens like ANSEM, still contribute significant throughput, keeping retail activity high even as speculative intensity cools. Prediction markets integrated into wallets like Phantom and protocols such as Jupiter add new reasons for users to transact on-chain.

At a more structural level, institutions and payment firms are piloting stablecoin settlement and remittance flows on Solana, with weekly active addresses and transaction counts measured in the millions and hundreds of millions respectively institutional flows and settlement.

3. Price Impact, Risks, And What To Watch

Despite the rebound, SOL remains roughly 7075% below its all?time high and in a longer?term downtrend on higher timeframes, with key resistance areas cited around $80$83 and then $100$120 %%CKPROTECTED0%%.

Analysts highlight a divergence: strong usage and chain fee generation versus cautious price action and supply risks from token unlocks, large holders, and prior estate sales. Futures funding rates have cooled, suggesting traders are more hesitant to chase the rally memecoins and funding.

For crypto users, the key signals to watch are: 1) whether active addresses and TPS stay near current highs, 2) net fee and revenue trends on Solana apps, and 3) how price reacts around the $73 support and $80$90 resistance zones mentioned in multiple analyses.

Conclusion

Solanas rebound while active wallets approach 7 million suggests the network is seeing real usage rather than a purely technical bounce. The upside case strengthens if high activity, fee generation, and institutional experiments persist without large supply shocks. The downside risk is that heavy unlocks or macro weakness overwhelm fundamentals, so monitoring both network metrics and key price levels is crucial.