The Solana price stands at $108.88 on Friday evening, 5.5 percent lower than on Thursday, when we quoted it at $115.23. Over the week, 8.1 percent is missing. At the same time, the chain is reporting 1.88 million unique active addresses this Friday, the highest level in 13 months. Both hold true on the same day, and that gap is exactly the story: usage is picking up, the money is going out.
What an investor in Germany can make of that depends on three quantities, which this article works through in turn: how robust the address count is, how much money the American spot funds actually withdrew in October, and which levels will carry the price over the coming days or let it break.
Solana Price on October 9: $108.88, 97.19 Euros and a Weekly Loss of 8.1 Percent
As of October 9, SOL is quoted at $108.88, or 97.19 euros. The daily high was $111.76 and the daily low $108.42, with the daily change at minus 0.7 percent. Market capitalisation stands at around $64.0 billion, rank seven, and trading volume over the past 24 hours at $3.03 billion (source: CoinGecko).
The month looks friendlier than the week. Over 30 days there is still a gain of 5.1 percent. From the all-time high of $293.31 on January 19, 2025, the price is 62.9 percent away. Anyone who bought SOL in September is therefore ahead; anyone who entered on Monday is behind. That spread explains why sentiment in the forums diverges so sharply.
1.88 Million Active Addresses: What the 13-Month Record Measures and What It Does Not
The figure comes from SolanaFloor and the Blockworks analytics dashboard and was reported on October 9 (Crypto Briefing). A unique active address is an account address on the chain that has sent or received at least one transaction in a day. An address is not a person. One person can run ten addresses, and a trading bot can generate hundreds.
Alongside it, a second and considerably larger figure is circulating. The analytics service Santiment arrives at around 4.27 million daily active addresses, a gain of 58 percent, and puts network growth since the start of September at 124 percent with roughly 1.71 million new wallets a day. Both values stand side by side because they come from different trackers applying different filters. Add them together or set them against each other and you measure nothing. We therefore name both and smooth neither.
More robust than bare address counts are two accompanying figures from the same report. The number of funded wallets, meaning addresses with a balance, rose 38.5 percent month on month to 16.1 million. And in September more than 8,400 programs were active on Solana over the month, a record. A program on Solana is what a smart contract is on Ethereum. Those two figures are harder to inflate with empty addresses than a transaction count is.
Four Trading Days of Outflows: How Much the US Spot ETFs Lost in October
While the chain fills up, the funds are emptying. The American spot ETFs on SOL recorded a net outflow of $3.5 million on October 8, a fourth consecutive day in the red; across five trading days that adds up to $19.9 million (TokenPost). The individual days before that: $5.91 million on October 1, $3.68 million on October 6, $4.80 million on October 7. For October so far, several analyses put the total at more than $22 million.
On cumulative inflows since the products launched, the figures diverge: one source gives $1.578 billion, another $1.590 billion. The spread of around $12 million is immaterial for the overall picture, but not for precision, which is why it appears here as a range.
For four consecutive trading days, investors pulled money out of the American spot funds on SOL.
Why an ETF Outflow Reaches the Price: the Mechanism in Three Steps
Many readers know the headline but not the mechanics behind it. The sequence runs like this: if an investor sells units of a spot ETF and no buyer for those units is found on the market, the authorised participant redeems them with the issuer. The issuer hands over SOL it had held in custody until then. That SOL is sold on the market. Only at that point does the outflow reach the price.
Scale is what matters. A daily outflow of $3.5 million corresponds, at $108.88 per unit, to around 32,000 SOL. Measured against daily turnover of $3.03 billion, that is about 0.12 percent. Direct selling pressure is therefore small. The effect runs more through the signal: institutional addresses are pulling back, and other market participants read that as a direction indicator. If you want to follow fund flows for German products, the differences between ETF, ETN and ETP are in our overview of crypto ETFs in Germany.
Since Yesterday: From $115.23 to $108.88, and What the Samsung Report Did Not Carry
On Thursday the news here was that Samsung is bringing USDC to 82 million Galaxy devices, and the price stood at $115.23 (our assessment of October 8). SOL has lost $6.35 since then. The $114.42 level named at the time has broken, and the upper level of $118.96 was never approached again.
This is an instructive case. The Samsung news concerned payment volume in USDC, not demand for SOL itself. That distinction was in yesterday's text, and it was borne out within a day. A report about usage of a chain is not an argument for buying its token, as long as that usage does not translate into fees or into demand for the token.
Securitize Brings Twelve US Stocks to Solana: One Driver of the Address Count
On October 8 the provider Securitize launched its tokenised US stocks on Solana (FinanceFeeds). Twelve names, among them Apple, Microsoft, Nvidia, Alphabet, Tesla and Amazon, each backed one to one with a real share, settled in USDC. Legally the tokens are what is known as security entitlements under Article 8 of the American Uniform Commercial Code; dividends and voting rights are passed through, but the holder does not become a registered shareholder unless they convert.
For the address count this matters, because every one of those positions is held on the chain and generates transactions with every trade. For an investor in Germany the point is a different one: Securitize names the United States, the EU and further permitted jurisdictions, but does not specify the circle of eligible investors. Whether you will get access from Germany is therefore not settled. That is a question to clarify with the provider itself before forming any expectation of the product, rather than from press releases.
Every light an address: usage of the chain is at its highest level in 13 months.
Stablecoins on Solana: $15 Billion and 888,000 Daily Active Addresses
The part of the network growing fastest is payments. More than 14 million addresses now hold stablecoins on Solana, and total supply stands at more than $15 billion. In September an average of 888,000 addresses were active with stablecoins each day, a gain of 269 percent on the year before.
Those figures explain the address record better than any price move. At the same time they explain why the price is not following: anyone transferring USDC on Solana needs SOL only for the transaction fee of fractions of a cent. The chain earns from that traffic; the token barely does.
Levels for the Coming Days: $108.42, the 50-Day Line at 107 and $104.40
On the downside, the first support zone sits at today's daily low of $108.42, just under the current price. Below that follows the 50-day moving average at around $107.11; market observers name $104.40 as the next larger support. The 200-day average, at $86.45, lies far below and is not an issue this week.
On the upside it takes the $111.76 of the daily high, and after that the $114.42 level that broke yesterday. That the $115 zone has turned from support into resistance within a single day shows how thin the order book currently is.
Our Assessment: Usage Will Not Carry the Price While the Money Runs the Other Way
In the view of this newsroom, the address record is a good sign for the network and not a buy signal for the token. The evidence is set out above: 1.88 million active addresses at a 13-month high, alongside more than $22 million of outflows from the American spot funds in October and a price that has lost 8.1 percent in seven days. The largest driver of usage is stablecoin traffic, and that pays fractions of a cent in fees per transaction.
What argues the other way is the time axis. Network effects work over quarters, fund flows over days. Anyone thinking in years will weight the 16.1 million funded wallets and the 8,400 active programs more heavily than four red fund days. We are assessing the situation here, not a decision to buy or sell, and a total loss remains possible with any crypto exposure.
Buying Route, Custody and Staking: What You Can Check Today
On the buying route, since the MiCA Regulation came into full application a provider in the EU needs an authorisation as a crypto service provider. Before your next purchase, check whether your provider holds that authorisation and in which member state it was granted; we compare the terms and licensing status of the usual houses in the exchange comparison. Watch the gap between the buying and selling price while you are there, not only the stated fee.
With custody, the holding period decides. For short-term positions an exchange is practical; for longer holding periods, a wallet of your own shifts the provider's default risk onto you. If you stake SOL, you should also know that the activation and deactivation phases are tied to epochs and that the balance is not freely available during that time. On validator concentration we wrote up the current figures on Thursday, and the providers are listed in the staking comparison.
Holding Period, Exemption Threshold and Staking Income: What the Tax Office Expects From You
For private disposals under Section 23 of the German Income Tax Act, the one-year holding period applies: hold SOL for longer than a year and sell afterwards, and you pay no income tax on the gain. Within the year, the exemption threshold of 1,000 euros a year applies to all private disposals taken together. An exemption threshold is not an allowance: exceed it by one euro and the entire gain is taxable.
Staking income counts as other income and is taxable in the year it accrues, regardless of whether you keep the coins. The price at the moment of accrual forms the tax base and at the same time the acquisition cost for a later disposal. Stake regularly and you accumulate many small accrual events, which belong documented individually; which tools record that automatically is set out in the comparison of tax tools. Get tax advice for your own case; this account does not replace it.
Solana at $108.88: Usage Alone Will Not Carry the Price
Three steps that can be dealt with this evening:
Check your entry route. Look up whether your provider holds a MiCA authorisation in the EU and what the spread costs at your usual order size. The exchange comparison lists the houses with licensing status and fees. Note the levels. Write down $108.42 and $107.11 on the downside, and $111.76 and $114.42 on the upside. If 107 breaks, the next zone named is $104.40. Think staking and tax together. If you stake, check the lock-up period in the staking comparison and set up your record of accruals before the next payout arrives; the tools for it are in the tax tool comparison.(As of October 9, 2026. This article is not investment advice. Prices and fee structures change; check the terms with the provider before you buy.)
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