Sam Daodu
6 min read
Quick Read
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Solana’s total value locked rose from about $4.82 billion on August 16 to $5.92 billion by August 30, reaching $5.914 billion on September 18, which challenges the notion that the network has been shrinking in the wake of recent regulatory wins.
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XStocks alone surpassed $1 billion in decentralized exchange volume, while real-world assets on the chain grew to roughly $4.30 billion, up from $3.91 billion in August.
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The SEC’s Innovation Exemption requires smart contracts to be auditable, public and deployed on a permissionless ledger, which is an engineering condition rather than a filing requirement.
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On September 13, 2026, Solana (CRYPTO:SOL) closed below $100 at $99.26, following a Senate vote on the crypto market structure bill. It fell again on September 15 and 16 but closed above $100 on September 17 at $101.54, and was trading near $110 as of September 18.
The coin fell for two days, then recovered over the next two. So, what does a quick reclaim of the $100 level indicate, and what can buyers expect at these prices?
What the $100 Reclaim Signals
SOL closed at $99.26 on September 13. Two days later, on September 15, it dropped to $96.82, hitting an intraday low of $95.71. However, on September 17, it bounced back to $101.54.
During the same week, Bitcoin (CRYPTO:BTC) fell 1.09%, Ethereum (CRYPTO:ETH) dropped 3.08%, and Solana fell slightly by 1.18%. The three major cryptocurrencies moved in tandem around the Senate vote, suggesting broad selling pressure rather than something specific to Solana.
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On September 15, SOL’s intraday range was $95.71 to $102.85, and it closed near the low. The recovery day had a trading range of $98.38 to $101.98, with the second-largest volume recorded during this sequence. When price levels break during general risk-averse conditions and return within two days, it usually suggests that short-term holders and leveraged positions were cleared while spot demand remained stable.
