Solana (SOL) Price Today, November 22, 2025 – Live Update, Key News & Market Analysis

As of today, 22 November 2025, Solana’s native token SOL is trading around $125–126 per coin, leaving the network in a tense consolidation zone after a sharp November sell‑off.

Real‑time market data from CoinGecko shows Solana at about $125.63, down roughly 0.8% over the last 24 hours, about 10% lower than a week ago and over 30% down on the month. Solana’s market cap sits near $70 billion, with around 559 million SOL in circulation and 24‑hour trading volume of roughly $6.37 billion. ^[1]

That puts SOL at about 43% of its all‑time high near $293, meaning the token is still more than 50% below its peak, despite a massive run‑up earlier in 2025. ^[2]

Solana price today at a glance (22.11.2025)

Current SOL price: ~$125.63
24h change: around ‑0.8%
7‑day move: about ‑10%
30‑day move: around ‑33%
24h trading range: roughly $124 – $130 ^[3]
Market cap: ≈ $70–71 billion
24h volume: ≈ $6.3–6.4 billion ^[4]
DeFi TVL on Solana: ≈ $8.7 billion, down about 3% on the day ^[5]

In other words: price is weak, activity is not. And that tension between falling prices and resilient on‑chain usage is exactly what’s driving today’s Solana narrative.

Macro backdrop: a bruising month for crypto

Solana’s slide doesn’t exist in a vacuum. The entire crypto market has been under pressure in November:

Recent data show Bitcoin dropping below the $90,000 mark and Ether sliding to just under $2,900, part of a broader correction that has wiped out more than $1 trillion in crypto market value. ^[6]
In that same move, Solana traded near $132 earlier in the week before extending its decline into the mid‑$120s.

So, today’s SOL price is best understood as the combination of macro risk‑off sentiment plus Solana‑specific headlines that are reshaping expectations for the network’s future.

Today’s biggest Solana news (22 November 2025)

1. Solana inflation‑reduction proposal (SIMD‑0411) goes live

The most consequential fundamental story today is a tokenomics overhaul proposal that could reduce long‑term SOL inflation:

The Solana Foundation has introduced SIMD‑0411, an inflation reduction proposal that would double Solana’s disinflation rate from −15% to −30%, accelerating the path to a lower steady‑state inflation. ^[7]
The plan would push Solana’s issuance rate down from around 4.18% to 1.5% in about three years instead of six, without cutting current staking rewards in a sudden way. ^[8]
Over six years, the Foundation estimates supply growth could be reduced by roughly 22 million SOL, equivalent to about $2.9 billion at current prices. ^[9]

If adopted, this would effectively tighten SOL’s monetary policy, making it more scarce over time and potentially improving value accrual for holders—especially when combined with staking yields and on‑chain fee burn.

However, the proposal still requires community support, and there is no guarantee it will pass in its current form. Markets are treating it as a long‑term positive, but it hasn’t been enough to offset broader selling pressure in the short term.

2. ETFs & institutional flows: 18 straight days of SOL inflows

At the same time that spot price is under pressure, institutional flow into Solana ETFs has quietly turned into one of the strongest bullish data points of the month:

The Bitwise Solana Staking ETF (BSOL) has already surpassed $500 million in assets under management, helped by 18 consecutive days of net inflows. ^[10]
A widely‑cited analyst update notes that SOL ETFs have posted 18 straight days of positive inflows, with over $26 million added yesterday alone and cumulative inflows now above $867 million. ^[11]
Products from VanEck, Canary Capital, Bitwise and Grayscale collectively hold more than $2 billion in SOL exposure via ETFs and related products. ^[12]

At the same time, research pieces today highlight a paradox:

Solana and XRP ETFs launched in 2025 with record debut volumes, yet both assets sold off sharply after launch. In Solana’s case, price dropped from roughly $205 to $165 within a week as early holders “sold the news” into ETF liquidity. ^[13]

This has led analysts to talk about an “expectations tax”: institutions keep buying ETF shares, but a lot of that flow is rotational, and the underlying spot price has not yet caught up.

3. Coinbase doubles down on Solana with Vector.fun acquisition

Another major driver of attention today is Coinbase’s latest Solana‑focused acquisition:

Coinbase has agreed to acquire Vector.fun, a Solana‑based social trading and meme‑coin platform, integrating its team and technology into Coinbase’s consumer trading division. ^[14]
Vector specializes in early‑stage Solana token launches and meme‑coin trading, allowing users to catch new assets quickly – the exact kind of high‑velocity flow that has made Solana one of the busiest chains for retail speculation. ^[15]
As part of the deal, Vector’s standalone apps will be sunset, with its infra plugged directly into Coinbase products. ^[16]
Recent data cited around the deal show Solana DEX volume in 2025 has already exceeded $1 trillion, underscoring how much trading activity has shifted on‑chain to Solana. ^[17]

Coinbase has called this its ninth acquisition of 2025, reinforcing an “everything exchange” strategy that combines centralized trading, derivatives, and on‑chain markets—with Solana as a key pillar of that on‑chain push. ^[18]

For SOL, this is an important confidence signal: one of the largest regulated exchanges is effectively betting on Solana’s throughput and user base as a long‑term growth market, even amid a price slump.

4. On‑chain metrics: bullish divergence as activity rises

Despite the drawdown, several metrics released today suggest on‑chain activity is holding up—or even rising—relative to price:

A widely shared Santiment chart, cited by both Coinpaper and Bitget, shows active Solana addresses trending higher over the past month, even as price fell nearly 50% from its September 17 local high. ^[19]
One analysis notes that 7‑day average active addresses climbed from about 3.45 million on October 20 to around 3.65 million on November 20, an increase of nearly 6%. ^[20]
Coinpaper reports that Solana’s market value has dropped 49% since its September peak, yet wallet activity, new address growth and interactions are rising, hinting at early accumulation and behavioral divergence between price and usage. ^[21]

On the DeFi side, Solana remains one of the largest ecosystems:

Total DeFi TVL on Solana is about $8.7 billion, down roughly 3% over the last 24 hours.
Stablecoin market cap on Solana is near $13 billion, with 24‑hour DEX volume close to $3.9 billion and perpetuals volume around $3.05 billion. ^[22]
Activity remains intense, with about 2.26 million active addresses and 65.7 million transactions logged in the last 24 hours on Solana, according to DeFiLlama’s chain metrics dashboard. ^[23]

A separate Bitget research note today points out that:

Solana continues to offer sub‑2‑second transaction finality and very low fees, and has not suffered major outages in late 2025, a key improvement versus its reputation in earlier cycles. ^[24]
However, the report also warns that active addresses are still well below the year’s peak (about 3.3 million vs. 9.9 million at the highs), and that the ecosystem remains heavily influenced by meme‑coin speculation, raising questions about the depth of “real‑world” use. ^[25]

Taken together, today’s data paint a nuanced picture: usage is stronger than the price chart suggests, but not yet back to the frothy highs, and the mix of activity still leans heavily toward speculative trading.

5. Ecosystem growth: new Solana‑based launches

Even in a risk‑off market, new projects continue to launch on Solana, reinforcing its position as a go‑to platform for high‑speed issuance:

Today’s GlobeNewswire release highlights Bitcoin Munari, a project using Solana as its initial launch and presale platform at $0.10 per BTCM token, before an eventual migration to its own Layer‑1 chain planned for 2027. ^[26]
The project is leveraging Solana’s SPL token framework, low‑latency settlement and tooling for presale distribution and early community onboarding, underscoring Solana’s continued role as infrastructure for new token launches, even when SOL’s price is under pressure. ^[27]

This kind of activity doesn’t move SOL’s price by itself, but it signals developer and issuer confidence in the chain’s performance and tooling.

Technical picture: key levels for SOL today

Technical analysts covering Solana on November 22 are broadly focused on the same zone: $120–130.

Key observations from today’s market commentary:

Several traders and outlets highlight $125 as a key support area and $130 as immediate resistance that has repeatedly capped rebound attempts. ^[28]
Coinpaper reports SOL trading near $126.50, up modestly on the day but still down more than 10% on the week, with market value 49% below the September high. ^[29]
99Bitcoins notes that SOL has tested the mid‑$120 range several times, with intraday trading between roughly $122.7 and $135.3, and futures open interest still above $6 billion, indicating heavy leverage in the system. ^[30]
A separate press‑release‑style technical analysis describes Solana trading in a downward channel that historically can precede bullish breakouts, pointing to a potential upside target in the $175–180 region if the trend reverses. ^[31]

Short‑term scenarios traders are watching

Bullish scenario (short term):

SOL reclaims and holds above $130, turning that level into support.
This would likely relieve some selling pressure, opening up a move toward $135–$140, a zone cited by multiple analysts as the next resistance cluster. ^[32]

Bearish / continuation scenario:

Rejection again near $130 could push price back toward $123–$124, with some commentators warning of a possible dip into the $120 liquidity zone before any sustained recovery. ^[33]
If macro risk‑off continues, extended downside into the low‑$100s cannot be ruled out, especially given heavy leverage and the still‑elevated volatility of SOL relative to Bitcoin.

For now, volatility remains high, and SOL is trading in what many see as a “do‑or‑die” zone for short‑term sentiment.

How today’s news ties together for SOL holders

Putting all of this together, Solana on November 22, 2025 sits at the intersection of:

Price weakness:
- Down about a third in a month and nearly 50% from the September local top, with the broader crypto market also in correction mode. ^[34]
Strengthening institutional rails:
- Multiple Solana ETFs (including Bitwise’s BSOL, VanEck’s VSOL and 21Shares’ TSOL) are live, with hundreds of millions of dollars in cumulative inflows and new products now trading on major venues like Nasdaq and CBOE. ^[35]
Tokenomics tightening:
- The SIMD‑0411 inflation‑reduction proposal could make SOL scarcer over time, compressing future supply growth and adjusting staking yields in a more sustainable way—if the community approves it. ^[36]
Solid but evolving fundamentals:
- High throughput, low fees, and a stable network with no major outages reported late in 2025 continue to make Solana attractive for exchanges and DeFi platforms. ^[37]
- At the same time, user activity is below peak levels, and a meaningful portion of demand still comes from meme‑coin and speculative trading, not yet from large‑scale “real‑world” use cases. ^[38]
Ecosystem and developer momentum:
- Coinbase’s Vector.fun acquisition, new token launches like Bitcoin Munari, and continuing DEX and NFT volume all underscore that developers and market infrastructure providers are still building on Solana, even in a shaky market. ^[39]

What to watch next

For traders and long‑term holders watching Solana after today’s moves, the most important near‑term variables are:

Price vs. key levels: Does SOL hold $120–125 and eventually reclaim $130?
Community response to SIMD‑0411: A passed inflation‑reduction proposal would be a strong long‑term structural signal.
ETF flows: Do the 18+ days of consecutive inflows continue, or do Solana ETFs start to see outflows like some Bitcoin and Ethereum products? ^[40]
On‑chain participation: Do active addresses, DeFi TVL and DEX volumes continue to rise relative to price, strengthening the case for a bullish divergence? ^[41]

For now, Solana on 22.11.2025 is a story of strong infrastructure and institutional curiosity colliding with a brutally risk‑off market. Price is under pressure, but the chain’s usage, upgrades, and ETF rails are ensuring that SOL remains one of the most closely watched assets in crypto.

Disclaimer: This article is for informational and news purposes only and does not constitute financial, investment, or trading advice. Cryptocurrency markets are highly volatile, and you should do your own research and/or consult a licensed professional before making any investment decisions.