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According to Cointelegraph, Solana (SOL) exchange-traded funds (ETFs) have experienced a consistent inflow streak over seven days, despite the cryptocurrency's declining price and a broader downturn in the crypto market. On Tuesday, the inflows peaked with approximately $16.6 million directed into SOL ETFs, as reported by investment management firm Farside Investors. This brings the total net inflow into SOL ETFs to $674 million at the time of writing, based on Farside's data. The introduction of SOL ETFs in the U.S. began in July with the launch of REX-Osprey’s staked SOL ETF, followed by Bitwise’s BSOL Solana ETF in October, which was notably one of the most successful ETF launches of 2025, according to Bloomberg ETF analyst James Seyffart. These ETF inflows indicate a growing interest in SOL from institutional and traditional finance investors, even as the price and onchain metrics, such as total value locked, decline amid the ongoing market downturn. Despite the interest in ETFs, Solana continues to face challenges, trading significantly below its all-time high. Solana’s market capitalization has decreased by over 2% in the past seven days, according to data from crypto market analytics platform Nansen. The open interest for SOL perpetual futures, which are futures contracts without an expiry date, stands at over $447 million at the time of writing, as per Nansen's data. SOL's price has dropped nearly 55% from its all-time high of approximately $295, reached in January, driven by the launch of the Trump memecoin on the Solana network. The token has been trading below its 365-day moving average, a crucial support level, since November, and is down about 47% from the local high of around $253 recorded in September. SOL is also encountering resistance between $140-$145 and has not surpassed these levels in December, despite the launch of SOL ETFs in the U.S. and increasing interest in internet capital markets from crypto industry executives and U.S. regulators. Securities and Exchange Commission (SEC) Chair Paul Atkins remarked on Thursday that "U.S. financial markets are poised to move onchain," highlighting the evolving landscape of financial markets and the potential for further integration of blockchain technology.

According to BlockBeats, Kazakhstan is incorporating Solana as a key infrastructure in its national blockchain strategy, as announced by FORMA Mayor Farhaj Mayan at the Solana Breakpoint conference. The country is implementing several initiatives, including the establishment of a Solana economic zone, the introduction of the Tenge stablecoin, and dual IPO listings on AIX and Solana. Additionally, Kazakhstan plans to train 1,000 Solana developers, create a national crypto asset reserve, and develop a blockchain-centric CryptoCity. These efforts demonstrate Kazakhstan's commitment to embedding blockchain technology deeply into its financial and industrial systems.

According to ChainCatcher, data from Arkham indicates that at 23:56, a total of 22,300 SOL was transferred from an anonymous address beginning with 8ZozA to Fireblocks Custody.

According to BlockBeats, Brennan Watt, Vice President of Core Engineering at Anza, discussed a proposal at the Solana Breakpoint conference that could significantly reduce account rent costs on the Solana network. The proposal, SIMD-0389, suggests lowering the account creation rent by tenfold, with the potential to expand this reduction to a hundredfold. Account rent on the Solana network refers to the storage fee required for an account to permanently store data on the blockchain. Anza's analysis of the security deceleration mechanism indicates that this change was discussed at the recent SolanaConf. It could lead to the recovery of billions of dormant SOL, facilitating broader adoption while maintaining network security.

According to Foresight News, Bhutan has introduced a gold-backed token on the Solana blockchain, known as TER. The initiative is led by Gelephu Mindfulness City, with each token representing physical gold reserves. The token is designed to cater to specific applications within GMC.

According to Foresight News, the Alpha version of the InfiniSVM mainnet, developed by Solana's re-staking platform Solayer, is now accessible to builders. Over the past year, the focus has been on optimizing the hardware architecture of InfiniSVM. This includes the use of RDMA and InfiniBand networks that bypass the operating system entirely, the configuration of dedicated compute and storage clusters, and speculative preprocessing for parallel execution. The team continues to iterate on the sorter logic and consensus mechanism, which may result in brief downtimes during the upgrade process.

According to Foresight News, asset management giant Invesco has filed Form 8-A with the U.S. Securities and Exchange Commission (SEC) for its Invesco Galaxy Solana ETF. This filing is typically made just before a product is officially launched. Following the submission of such documents, trading usually begins the next day.

According to BlockBeats, Bitcoin's rise on Tuesday led to gains in major altcoins, yet Solana's fundamentals remain unstable amid declining liquidity and increased market uncertainty. On-chain analytics platform Glassnode reported that Solana's 30-day average realized profit and loss ratio has been below 1 since mid-November. This indicates that realized losses in the market exceed realized profits, suggesting liquidity has shrunk to near bear market levels. Altcoin Vector, another on-chain analytics platform, noted that Solana is undergoing a comprehensive liquidity reset. Historically, this signal has often preceded the start of a new liquidity cycle and has led to price rebounds. If the current trend mirrors the pattern from April, it may take approximately four weeks, around early January, to reignite the market. Wenny Cai, Chief Operating Officer of SynFutures, stated that this leverage reset is driven by sell-offs due to realized losses, a decline in futures open interest, market maker contraction, and fragmented liquidity across different trading pools. While the medium to long-term outlook remains moderately bullish if macroeconomic pressures ease, the short-term market remains noisy and susceptible to shocks.

Key TakeawaysSolana price faces weakness amid validator centralization concernsTechnical rejection at 7-day SMA near $136Key support level: 23.6% Fibonacci at $132.83Solana Price Declines Amid Validator Purge DebateSolana’s latest price update shows the asset slipping about 2% while the broader market dipped 1.02%, highlighting relative underperformance. A sharp decline in the number of active validators, now around 800 and down more than 68% since 2023, has renewed fears over network decentralization and potential regulatory scrutiny.The Solana Foundation’s “3-in-1-out” pruning policy aimed at removing underperforming nodes has split the community. Some developers argue it eliminates Sybil nodes, while others warn that rising operational costs are driving away genuine operators, lowering validator diversity and increasing potential collusion risk.Despite these concerns, Solana’s on-chain activity remains strong. The network is still posting $3.9B in 24h DEX volume and rising TVL, but investors appear cautious about governance and infrastructure health. ETF Flows Trail XRP and EthereumIn the latest ETF update, Solana spot ETFs recorded $1.18M in inflows, well below the $38M seen for XRP and $35M for Ethereum. This divergence reflects weaker institutional confidence in SOL compared to competitors benefiting from clearer regulatory narratives or staking yield appeal. Technical Indicators Signal Ongoing WeaknessSOL failed to reclaim its 7-day SMA near $136.23, reinforcing bearish pressure near this key resistance.Oscillators show largely neutral momentum, with the RSI at 42.56, Stochastic at 41.35, and the Ultimate Oscillator at 41.09. However, the MACD level at −5.36 and Momentum at −2.66 suggest mild upswing potential, but without strong conviction.All major moving averages, from SMA/EMA 10 through 200, are registering above the current price, indicating persistent downside bias across short- and long-term trends. SOL Outlook: Key Levels to WatchWith the upcoming FOMC meeting, traders are watching whether rate-cut signals could revive altcoin demand. For now, SOL’s forecast hinges on holding the $132.83 support while navigating heightened debate around validator composition and uneven ETF participation.A close below the 23.6% Fibonacci retracement at $132.83 could unlock further downside toward the $124 area, while reclaiming $136.23 may hint at stabilization.

According to Odaily, Solana has maintained its position as the leader in 24-hour decentralized application (DApp) revenue and decentralized exchange (DEX) trading volume, surpassing all other Layer 1 and Layer 2 blockchains.

According to BlockBeats, Solana has experienced a significant decrease in the number of active validators, dropping from over 2,500 in March 2023 to approximately 800, marking a decline of more than 68%. This reduction has sparked differing opinions within the community. Some argue that the removal of Sybil nodes is beneficial for the network's health. However, others, including some infrastructure teams, suggest that many of those leaving the network are genuine operators who have opted out due to economic and operational costs. The actual impact on decentralization depends on the number of remaining independent validators and the distribution of staking and voting power.

According to Odaily, Solana Foundation President Lily Liu has called for a shift in focus within the Solana ecosystem's lending protocols. Liu expressed on the X platform that instead of engaging in disputes over issues like 'one-click migration tools' and 'risk statements,' efforts should be directed towards expanding the overall market size. She highlighted that the current Solana lending market is approximately $5 billion, which is only a tenth of Ethereum's market and negligible compared to the multi-trillion-dollar scale of traditional finance. Liu emphasized that teams have the option to either compete against each other or aim to capture a larger share of the broader crypto and traditional finance markets, stating, 'The direction is up to us.'In related news, a Jupiter executive has admitted that the promotion of Jupiter Lend as having 'zero contagion risk' was inaccurate.

According to PANews, a significant service disruption at Cloudflare has led to user interface outages for several major Solana protocols, including Jupiter, Raydium, and Meteora. The incident has affected the accessibility of these platforms, causing inconvenience for users.

According to ChainCatcher, monitoring data from Farside indicates that the Solana spot ETF in the United States has experienced a net inflow of $4.2 million.

According to Odaily, monitoring data from SolanaFloor indicates that nearly $460 million worth of assets were transferred to Solana from other blockchains in November. Of this amount, over $300 million originated from Ethereum.

According to ChainCatcher, Solana's lending protocol Kamino is under scrutiny for blocking users from transferring loans through Jupiter Lend's refinancing tool. Kamino has manually blacklisted the on-chain address of Jupiter Lend's newly launched Refinance tool, preventing users from closing positions via this address. Kash Dhanda, a core contributor to Jupiter, expressed dissatisfaction on X. Samyak Jain, co-founder of the DeFi liquidity protocol Fluid, highlighted that Kamino has implemented a mechanism to lock users in, preventing them from moving to platforms offering higher returns. Data from DefiLlama indicates that the total value locked (TVL) in Solana's lending market is approximately $3.7 billion, with Kamino holding over 60% of the market share. However, Kamino's TVL has dropped from $3.71 billion at the beginning of October to $2.33 billion, marking a nearly 30% decline over two months. As of the time of reporting, neither party has publicly responded to the issue.

According to BlockBeats, Franklin Templeton, a major asset management firm, has announced the launch of its Solana Spot ETF, known as SOEZ, which is now available for trading.

According to PANews, SlowMist recently reported on its official WeChat account that a user sought assistance after falling victim to a phishing attack. The user noticed unusual authorization records in their Solana wallet and attempted to revoke the authorization but was unsuccessful. The affected wallet address was provided for investigation. Blockchain analysis revealed that the user's account owner permissions had been transferred to an address beginning with 'GKJBEL.' As a result, the user lost assets valued at over $3 million, while an additional $2 million worth of assets remained in a DeFi protocol and could not be moved. Fortunately, with the help of the relevant DeFi platform, the $2 million in assets were successfully recovered. The victim attempted to initiate a transfer from the compromised account to their own address to verify permissions, but all transactions failed. This incident closely resembles the 'malicious multi-signature' attacks frequently seen in the TRON ecosystem. Unlike traditional 'authorization theft,' this attack involved the replacement of core owner permissions by the attacker. Consequently, the victim was unable to transfer funds, revoke authorizations, or manage DeFi assets. Although the funds were visible, they were beyond the victim's control.

According to PANews, at 9:29 and 9:30 (UTC+8), the USDC Treasury minted a total of $500 million worth of USDC on the Solana blockchain. Each minting event involved the creation of 250 million USDC, contributing to the overall sum.

According to PANews, Wall Street investment bank Cantor Fitzgerald has disclosed its holdings in the Volatility Shares Solana ETF, valued at $1.28 million. This marks the first time the company has been reported to hold a regulated Solana product. The disclosure was made in a document submitted to the U.S. Securities and Exchange Commission (SEC) in mid-November. The filing lists 58,000 shares of the Volatility Shares Solana ETF, traded under the Nasdaq symbol SOLZ. At the time of submission, the ETF holdings were valued at $1,282,960.