Solana News: Santiment Flags Record Bearish Sentiment, Analyst Eyes $127

While most top cryptocurrencies gained between 3% to 4% this week, Solana alone fell nearly 3.5%, making it one of the weakest major coins. Santiment data shows extremely negative sentiment around SOL has reached its highest level this year. 

However, a well-known crypto analyst believes this fear could set up a rally toward $100 and even $127.

Solana Sentiment Turns “Extremely Negative”

According to the Santiment data, negative sentiment around Solana has reached its highest level of 2026. On social media, more traders are posting negative comments about SOL now than at any other time this year.

At the same time, Solana’s trading volume has dropped to just $2.27 billion, its lowest level of 2026. 

Santiment suggests that when most investors become extremely bearish, it usually means many weak hands have already sold. As selling pressure starts to dry up, even a small wave of new buyers can move the price higher.

Pump.fun Selling Has Kept Pressure on SOL

One major reason behind Solana’s recent weakness has been continuous selling from Pump.fun.

According to Arkham data, the platform reportedly sold nearly $10 million worth of SOL in a single day, while its cumulative SOL sales have now reached around $780 million. In late May alone, Pump.fun sold roughly 100,000 SOL, valued at about $8.3 million, in one transaction.

Since the platform regularly converts its revenue into SOL sales, every large transaction adds new supply to the market, making it harder for buyers to push prices higher.

Solana Still Leads Every Major Blockchain

Despite all, Solana continues to dominate blockchain activity. Recent DeFi data shows Solana ranked first in decentralized exchange (DEX) trading volume across the 24-hour, seven-day, and 30-day timeframes. 

The network processed around $2.44 billion in DEX volume over the past day, far ahead of Ethereum’s $1.58 billion.

Solana also continues to lead major crypto sectors, including tokenized stocks, real-world assets (RWAs), stablecoins, and on-chain payments.

Bullish Signals Begin to Return

Meanwhile, crypto analyst Ali Martinez pointed to several technical and on-chain signals that are starting to improve.

The first one Ali highlighted is the SuperTrend indicator, which flipped bullish after Solana reclaimed the $78 level, indicating that buyers are slowly gaining control.

On-chain data also supports the recovery. Between June 24 and July 3, nearly 1.5 million SOL left centralized exchanges. During the same period, the Solana network added around 1.6 million new addresses, showing continued user growth despite weak price action.

Still, one major resistance Ali points to is URPD.

According to the URPD (UTXO Realized Price Distribution), the data shows heavy supply between $79 and $85, where roughly 105 million SOL previously changed hands. Breaking above this zone could open the door toward the next major targets at $100 and $127.

However, if SOL loses support at $74, the bullish setup could fail and expose the price to the next major support near $53.

• SOL$ 101.08(-2.66%)

Santiment Santiment   Santiment is a crypto analytics platform that helps traders, investors, institutions, and blockchain teams understand the crypto market through data-driven insights. Founded by Maksim Balashevich in 2016, the platform combines on-chain analytics, social sentiment, whale tracking, development activity, and market intelligence to help users identify market trends, monitor investor behavior, and make more informed trading and investment decisions. Santiment also offers access to more than 1,100 on-chain metrics across 2,500+ crypto assets on multiple blockchains. By combining blockchain data with social and behavioral signals, the platform helps users spot market opportunities, detect changing trends early, and gain deeper insights into the overall crypto ecosystem.   Santiment Details   Attribute Details Primary Product Sanbase Native Token SAN Blockchain Ethereum (ERC-20) Supported Assets 2,500+ cryptocurrencies On-Chain Metrics 1,100+ metrics Supported Blockchains 12+ blockchains  Main Services On-chain analytics, social sentiment, whale tracking, development activity, alerts, market intelligence Developer Tools API, SQL Queries, Python Library, Google Sheets Pricing Free and paid subscription plans available Token Utility Access premium Sanbase features, staking, rewards, and payments Main Data Sources On-chain, social, financial, development, holder behavior, community metrics Best Known For Crypto market intelligence powered by on-chain and behavioral analytics Competitors Glassnode, CryptoQuant, IntoTheBlock, Nansen, Arkham Intelligence, Messari Suitable For Beginners, professional traders, analysts, institutions, researchers Security Account authentication and secure cloud-based access   Key Features of Santiment   Tracks key blockchain data like active addresses, transactions, exchange flows, and wallet activity. Monitors whale wallets and large transactions to spot major market moves. Analyzes crypto discussions to track market sentiment and trending topics. Tracks developer activity on GitHub to measure project progress. Get alerts for price changes, whale activity, social trends, and on-chain events. See charts, watchlists, screeners, dashboards, and your portfolio from one interface. Access historical blockchain and market sentiment data for better analysis. Supports data integration through SanAPI, Sanpy, and Google Sheets.   Popular Santiment Products    Sanbase - Crypto analytics dashboard with charts, watchlists, alerts, and screeners. SanAPI - GraphQL API providing blockchain, social, and financial datasets. Sansheets - Google Sheets integration for Santiment metrics. Insights - Research articles, behavioral analysis, and market reports. SanR / Score - Reputation and prediction platform for market forecasting (evolving into Santiment Score). AI Tools & MCP Connector - AI integrations enabling ChatGPT, Claude, and AI agents to access Santiment data.   Santiment Reliability   Criteria Answer Is Santiment Legit? Yes, Santiment is a legitimate crypto analytics platform trusted for its on-chain data and market insights. Data Reliability It combines blockchain, social, financial, and developer activity data with statistical validation for many signals. API Reliability Reliable GraphQL API with rate limits that vary by subscription plan. Market Coverage Covers thousands of crypto assets and multiple blockchain networks. Community Trust Trusted by many crypto traders and analysts, though independent public reviews are relatively limited Best Use Case Market research, sentiment analysis, whale monitoring, and long-term investment analysis.   support@santiment.net On-Chain

ali martinez ali martinez Ali M. is a Senior Crypto & DeFi Producer and the Global Head of News, specializing in content marketing strategies within the cryptocurrency and decentralized finance sectors. In 2012, he discovered the Bitcoin through its whitepaper. Intrigued by the idea of a decentralized, borderless, and censorship-resistant currency, he quickly entered the cryptocurrency market as a trader.  As a leader in the industry, he currently heads the content creation team at a top news media outlet.  Details Organization: MONIIFY Location: United Kingdom Skills: Story Telling and Breaking News Experience: Senior Crypto & DeFi Producer at MONIIFY from Oct 2024 - Present Global Head of News at BeInCrypto from Oct 2022 - Sep 2024  Content Manager at Binance from Dec 2021 - Oct 2022 Senior Managing Editor FXStreet from Sep 2020 - Mar 2022 Marketing Content Specialist at Energi  from Aug 2021 - Dec 2021 FAQ's 1. When did Ali M. get involved in cryptocurrency? Ali discovered Bitcoin through its whitepaper in 2012 2. What is Ali's role as a  Senior Crypto & DeFi Producer? As a senior Crypto and Defi Producer is involved in overseeing the production of content related to cryptocurrencies and DeFi, ensuring that it is engaging, and informative alimartinez@pm.me. TraderMarket Analyst