DeFi· ★★★· neutral·

Solana tokenized stock holders jump fivefold to 1.5 million as SOL stays near $100

  • —Tokenized stock holders on Solana hit 1.5 million, up from about 1 million in September
  • —Memecoin pairs with tokenized stocks generated $1.76 billion, or 31.5% of tracked volume, from Sept. 1 to Oct. 11
  • —Reward programs distributed roughly $31 million in stock tokens to over 360,000 wallets
  • —SOL fell from about $124 in early October to near $100 as U.S. Solana ETFs logged nine straight sessions of outflows
Why it matters: Tokenized equity activity settles largely in USDC and is boosted by rewards, so record holder counts do not translate into direct demand for SOL.
Source: crypto.news