Solana price prediction: tokenized funds hit $5.13 billion, what matters now

A market is growing on Solana that the price does not reflect. According to data provider rwa.xyz, $5.13 billion in tokenized real-world assets sat on the blockchain on Thursday, 6.1 percent more than 30 days earlier. The SOL price, by contrast, stood at $82.13 at midday on Thursday, 22.6 percent below its level a month ago. What is documented: funds from large asset managers are moving onto Solana, and the number of holders of such tokens is rising. Our assessment follows further down: the growth is real, but it creates hardly any direct demand for SOL.

Where the price could head over a horizon of months is covered in our Solana price prediction. This piece addresses the shorter question: what does fund managers' money mean for SOL, and what can you do with it as an investor in Europe?

Tokenized real-world assets on Solana: $5.13 billion according to rwa.xyz

Tokenized real-world assets, or RWA for short, are stakes in bonds, funds, loans or shares that are issued as tokens on a blockchain. The token is only the wrapper: whoever holds it has a claim on the underlying security, held in custody by a bank or a trustee.

rwa.xyz distinguishes between two types. With distributed asset value, investors can hold and transfer the tokens themselves in their wallet. On Solana that amounts to $5.13 billion. With represented asset value, the blockchain only serves as a register, and the tokens do not move freely. This part is small at $125.9 million. In total, the provider counts 3,564 individual assets on Solana.

The official Solana account on X shared a slightly higher figure of $5.16 billion on the same day and spoke of an almost sixfold increase since the start of the year, as Coinfomania reported. The two figures have different reference dates. For context, the range is enough: between $5.1 billion and $5.2 billion.

Treasury funds lead: BlackRock, J.P. Morgan and State Street on Solana

The largest block is tokenized US Treasuries at $1.88 billion, up 22.2 percent in seven days according to rwa.xyz. They are followed by private equity at $1.15 billion, asset-backed credit at $744 million and tokenized stocks at $594 million.

Among asset managers, BlackRock leads with $913 million on Solana. J.P. Morgan Asset Management is already in second place with $742 million, even though the firm has only been on the blockchain since October 22. That day the bank brought its two tokenized money market funds, MONY and JLTXX, to Solana, as the trade publication The Paypers reported. The token side is run by the bank's own platform Kinexys. We analysed the launch on October 23; SOL fell 3 percent at the time. State Street Investment Management accounts for $264 million.

A money market fund invests in very short-term, safe securities, above all US Treasuries with maturities of a few months. For companies and stablecoin issuers it is cash that earns interest. As a token, this money can be moved around the clock and posted as collateral, regardless of bank opening hours.

RWA holders and transfer volume: one million addresses, $16.5 billion a month

More striking than the total is the activity. rwa.xyz counts 1,024,849 addresses holding tokenized real-world assets on Solana, 12.3 percent more than 30 days earlier. The 30-day transfer volume of these tokens was $16.48 billion, up 83.8 percent from the previous month. So the tokens are not just sitting idle; they are traded, lent and used as collateral.

Stablecoins are moving the other way. Their market capitalisation on Solana fell 9.0 percent in 30 days to $13.85 billion, according to rwa.xyz. Stablecoins are the fuel for trading and DeFi on the blockchain, and a decline means less dry powder for buyers. Tether holdings on Solana alone shrank 22.9 percent in a week, according to rwa.xyz.

SOL price on Thursday: $82.13, the lowest since mid-August

At midday on Thursday, SOL cost $82.13 according to CoinGecko. Over 24 hours it ranged between $85.64 and $82.16, a loss of 2.0 percent. Over seven days Solana lost 14.7 percent, over 30 days 22.6 percent. The last time the CoinGecko history shows a lower daily price was August 19, at $77.

Solana is therefore falling harder than the market. Bitcoin lost 9.2 percent in seven days to $72,860, while Ether dropped 16.4 percent to $2,019. SOL's market capitalisation stands at $48.6 billion, with 24-hour trading volume of just under $2 billion.

Since Wednesday: the recovery to $84 did not last a day

In our Solana price prediction from Wednesday, SOL was back at $84 in the afternoon after sliding to $81.59 following the US inflation data. That recovery has been used up. At midday on Thursday Solana trades almost $2 lower, only around $0.50 above the low after the inflation data.

What is new is the fund data. Wednesday was about encrypted transfers, in other words technology. Today rwa.xyz shows that institutional money keeps coming onto Solana while the price keeps falling. The 200-day line at $89, which we named as a hurdle on Wednesday, is now 8 percent away.

Why fund shares create little SOL demand: fees of a fraction of a cent

The contradiction between growing funds and a falling price has a simple mechanism. Anyone who buys a tokenized money market fund on Solana pays in dollars or stablecoins, not in SOL. They only need SOL for the transaction fee. The base fee is 5,000 lamports per signature, or 0.000005 SOL. At $82 that is around 0.04 cents.

Even a million transfers a day therefore generate only a few hundred dollars in fees, plus priority fees in hectic phases. Fund shares worth $742 million do not tie up $742 million in SOL, but almost nothing. The benefit for SOL is indirect: more funds attract more trading, more lending protocols and more stablecoins, and validators and stakers earn from that.

That second part is exactly what is missing right now. Stablecoin holdings are shrinking, and the price is following the broader market lower. Tokenized funds are therefore an argument for the infrastructure, but not an overnight buy signal for the token.

Staking and inflation: what the August vote changes for yields

For SOL holders, the staking yield matters alongside the price. That yield comes mainly from newly created SOL, in other words from inflation. In August, validators voted on proposal SIMD-0550, which doubles the annual reduction in the inflation rate from 15 to 30 percent. According to crypto.news it won 67 percent approval, narrowly reaching the required two-thirds majority.

The proposal's authors calculated that the nominal staking yield could fall from 5.84 to 4.34 percent in the first year. Fewer new SOL is good against dilution, but the ongoing yield falls. If you hold SOL for staking, you should therefore regularly check your provider's yield against the staking platform comparison, because providers keep part of the rewards as a fee.

Buying and holding SOL in Europe: MiCA exchanges, custody and ETPs

J.P. Morgan's funds on Solana are only open to qualified investors in the United States. For retail investors in Europe, the direct route to this growth is SOL itself or an exchange-traded product. A few points determine the costs.

Buying under MiCA

Since the EU's MiCA regulation, crypto exchanges serving European customers need a licence as a crypto-asset service provider. Before you buy, check whether your exchange has one and what a purchase in euros really costs, because the spread to the market price is often more expensive than the stated fee. The best crypto exchanges compared provide an overview.

Purchase dates and staking rewards should be recorded separately for tax purposes, and a tool from the crypto tax software comparison does exactly that.

ETPs instead of coins

If you prefer to hold SOL in a securities account, you will also find Solana ETPs on European exchanges. These products work differently from the coin itself, as our guide to crypto ETFs and ETPs shows.

Price levels for SOL: $62 annual low, $94 20-day average

According to CoinGecko daily data, the moving averages sit well above the price. The 20-day average stands at $94.04, the 50-day average at $105.30 and the 200-day line at $88.97. All three point down, and SOL is below each of them.

On the downside, the next support from the daily data is the August 19 level at around $77. Below that lies the annual low of $62.18 from June 7. On the upside, SOL first has to reclaim the 24-hour high of $85.64, then the 200-day line at $89. Only a daily close above it would break the downtrend that began at the $122 high on September 26.

Bull and bear case: what speaks for Solana and what against

In SOL's favour are the inflows from fund managers, the rising number of RWA holders and a transfer volume that has almost doubled. If Solana establishes itself as the settlement layer for tokenized funds, trading that pays fees to validators and stakers will also grow over time.

Against a quick recovery are the weak broader market, shrinking stablecoin holdings on Solana and the falling staking yield after the inflation reform. Then there is the pattern from October 23: even then, the price reacted to a major fund announcement with a decline.

Editor's view: $5.13 billion in fund money is no substitute for SOL buyers

Our assessment: tokenization is the strongest fundamental argument Solana currently has. The fact that J.P. Morgan reached $742 million in three weeks shows that large firms trust the blockchain with settlement on a large scale. But these billions do not support the price, because they are held in dollars rather than SOL and the fees are tiny. What remains decisive for SOL is the broader market and a return above the 200-day line at $89. Our reading would only be wrong if stablecoin holdings rise again and RWA transfer volume turns into trading on Solana exchanges. That would show up in the rwa.xyz data over the coming weeks.

Tokenized funds on Solana: below $89, SOL stays in a downtrend

1. Decide how you buy: if you want to add to SOL, do it through an exchange with a MiCA licence and in tranches rather than all at once. Compare costs and spreads among the crypto exchanges.
2. Check the staking yield: if the yield falls after the inflation reform, the provider fee eats a larger share. Compare your rate with the staking platforms.
3. Keep purchase records: note every purchase with its date so that your holding period can be documented. The crypto tax tools are suited to this.

(As of November 12, 2026. This article is not investment advice. Cryptocurrencies are highly speculative, and a total loss is possible. Prices and fee structures change; check the terms with the provider before you buy.)