- Solana’s stablecoin supply rose by 1.64% to $12.738B, with USDC dominating at 76.58%, despite a recent slowdown in growth.
- Bitcoin trades near $85K as stablecoin inflows show strong correlation with bullish market phases and altcoin momentum.
- Solana’s price rebound to $134.579 shows bullish signals with higher lows, rising RSI, and MACD crossover above key support.
Solana’s stablecoin market has reached a record high of $12.738 billion, a major recovery from its earlier contraction. The surge represents a $205.06 million increase over the last seven days, translating to a 1.64% rise.
According to X account, Solana Floor, this increase began accelerating sharply in early 2025 after consistent growth throughout late 2024. USDC remains dominant in Solana’s market, holding a 76.58% share. While growth continues, the pace has slowed recently, suggesting a shift in crypto market behavior.
Stablecoin Supply Growth Slows, but Levels Stay Elevated
The broader stablecoin market has increased from a mid 2024 breakout to reach $220 billion in April 2025. This level surpasses the April 2022 peak of $185 billion.
However, the current pace has moderated in recent weeks, indicating reduced inflows across crypto assets. Despite slower growth, the market retains strong capitalization, supported by persistent capital positioning.
Historical patterns show that inflows often coincide with upward movements in Bitcoin and altcoin markets. Solana’s platform stablecoin expansion aligns with these broader trends. The prolonged decline from 2022 into early 2024 reversed substantially after mid-2024.
By April 2025, Solana’s stablecoin market had reached new highs, supporting stronger blockchain utility and trading activity. Notably, this aligns with increased interest in risk assets during bullish phases.
Bitcoin Price and Stablecoin Flow Strong Correlation
Bitcoin continues to show price consolidation near its peak, trading around $85,000 in April 2025. Earlier peaks in April 2021 and late 2024 resembled periods of major capital inflows. Net position changes, tracked via green spikes, show large inflow waves in Q4 2024 and early 2025.
These events followed a bearish outflow stretch across 2022 and 2023, when stablecoin supply contracted sharply. Bitcoin’s current movement remains tied to stablecoin movements.
A continued rise in supply could suggest increasing crypto market activity. However, red bars representing outflows may mark risk off phases or profit taking behavior. Historically, these trends impact Bitcoin’s price movement and broader market confidence.
Solana Price Gains Momentum
At press time, Solana was trading at $134.579 after recovering from a local low in late March and early April. The price has formed higher lows, an early pattern of a reversal.
Daily volume is at 183.83K SOL, indicating renewed trading interest. The RSI is at 55.67, remaining above the neutral zone without hitting overbought conditions. Meanwhile, the MACD has made a bullish crossover, with the histogram growing steadily.
Immediate resistance is between $140 and $145, while strong support is holding at the $115–$120 range. Solana remains in a consolidation to reversal phase, tracking broader market signals led by stablecoin activity.
