Three Solana data points highlight resilience, but is SOL undervalued?

SOL is down 72% from its all-time high, but several data points paint a compelling investment scenario. Is SOL trading at a deep discount?

Solana’s SOL (SOL) is down 72% from its all-time high of $295 and well below the $188 level seen during its spot exchange-traded funds (ETFs) launch in October 2025. Since early December 2025, spot SOL ETF inflows have slowed while the price retraced sharply over four months. 

At the same time, Solana’s onchain volumes and revenue metrics continue to rank higher against competitors, raising questions on whether SOL’s longer-term price prospects tilt toward a return to its all-time high.

Spot SOL ETFs launched in late October 2025, drawing over $100 million in average net inflows during their first five weeks. Since December 2025, the weekly inflows have decreased, averaging $20 million to $25 million as SOL price slid to $86 in February 2026.

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