Solana (SOL) is trading near $120 after tokenized equities on the network reached a record 1.2 million holders, adding a new adoption metric as the token remains above its key moving averagesn
As of press time, SOL was priced at $119.93, up 1.28% over the previous 24 hours. The token remained close to its recent daily high of $123.76 as Solana’s tokenized-equity user base crossed the 1.2 million mark.

Tokenized-Equity Holders Surge on Solana

Tokenized equities are blockchain-based representations of publicly listed stocks, and the number of holders offers a usage-based adoption metric that is distinct from price data.

Solana said tokenized equities on its network had reached an all-time high of 1.2 million holders, with 775,000 joining during September alone.

“Tokenized equities on Solana hit an ATH of 1.2 million holders, with 775,000 joining in September alone.”

The figures show a sharp increase in participation toward the end of September. Tokenized-equity holders remained relatively low for much of the period shown in the relevant chart before rising substantially during the final weeks of the month.

Solana published the update on X on October 2, 2026:

JUST IN: Tokenized equities on Solana hit an ATH of 1.2 million holders, with 775,000 joining in September alone. pic.twitter.com/APPFuIvXYX — Solana (@solana) October 2, 2026

https://x.com/solana/status/2105967802041635134?ref_src=twsrc%5Etfw

The development provides an adoption metric alongside SOL’s recent price performance, as more holders participate in tokenized financial assets on the Solana network.

SOL Remains Above Key Moving Averages

The daily TradingView chart shows SOL at $119.93, above its 50-day moving average of $85.72 and its 200-day moving average of $102.94. Both moving averages are below the current market price. The 50-day and 200-day moving averages are among the most widely followed trend indicators in technical analysis, and price holding above both is typically read as confirmation of an ongoing uptrend.

The 200-day moving average at $102.94 is a key technical reference if SOL experiences a deeper pullback. The token has also moved above the $94.85 level marked on the chart, making that area another level to monitor if selling pressure increases.

TradingView chart:

$123.76 Is the Nearest Resistance

SOL’s recent daily high of $123.76 represents the nearest resistance level. The token has been consolidating around that area, and a sustained move above the high would mark a further development in the current price structure.

The 14-day relative strength index, a momentum gauge used to flag overbought and oversold conditions, stood at 63.82, while its moving average was near 65.48. Both readings remained below the conventional overbought threshold of 70. If SOL does not move above $123.76, the token could remain within a range, with attention returning to lower support levels.

Open Interest Remains Near $6.5 Billion

Data from CoinGlass showed Solana open interest — the total value of outstanding derivatives contracts and a standard gauge of futures-market participation — near $6.5 billion in the most recent chart reading. Open interest increased sharply through August and remained elevated during September, indicating continued derivatives activity as SOL moved toward the $120 area.

Trading volume also remained high, with several daily readings above $9 billion during the period shown. These figures provide additional context for the market activity surrounding SOL’s current price structure.

CoinGlass data:

Levels to Monitor

The $123.76 high is the immediate level above the market, while $120 remains the psychological price area where SOL is currently trading. On the downside, $102.94 corresponds with the 200-day moving average, and $94.85 is another significant level identified on the chart.

Solana’s tokenized-equity milestone adds an adoption-related development to the market data, while SOL continues to trade above its 50-day and 200-day moving averages. The next material price movement will depend on whether the token moves beyond the recent high or retreats toward the lower technical levels.