Solana's Active Wallets Hit 11.44 Million, Price Stable at $150.76

Solana achieved a significant milestone on June 28, 2025, with the number of active wallets holding at least 0.1 SOL reaching an all-time high of 11,438,122. This surge in wallet activity marks the strongest network growth in Solana’s recent history, as indicated by Glassnode data. During this period, the price of SOL remained stable, trading at $150.76, reflecting a gradual price recovery.

Data from May 27 to June 28, 2025, shows a consistent increase in Solana’s user base, with the total number of wallets rising from approximately 11.22 million to 11.44 million. This upward trend in wallet activity signifies active participation from both new and existing users, highlighting the network's growing adoption.

On June 28, the network recorded 11,438,122 wallets with a minimum balance of 0.1 SOL, the highest wallet count ever observed on the Solana blockchain. This sharp increase in wallet numbers indicates continued adoption across both retail and institutional segments, despite market volatility. The final week of June saw a surge in wallet numbers without any major decline, aligning with renewed interest in Layer 1 blockchains and Solana’s increasing activity in real-world applications.

While wallet numbers increased, Solana’s price maintained a narrow trading range. On June 28, SOL closed at $150.76, marking a steady climb from the month’s low. The price remained stable during the last week of June as user growth provided a strong sentiment floor. Between May 27 and early June, SOL’s price trended downward as wallet counts remained below 11.30 million. However, the trend reversed in mid-June when address activity picked up sharply, and price action began to mirror this activity by moving upward and establishing stronger support levels near $145.

The data chart shows a clear correlation between wallet inflows and SOL price resilience. During wallet spikes, the asset avoided deeper drawdowns even when broader market sentiment weakened. This pattern may indicate that user adoption is creating natural demand for SOL tokens, contributing to price strength.

With Solana now surpassing 11.44 million wallets, the key question is whether this growth can fuel long-term value and price stability. Wallet count is a strong on-chain indicator of active participation and future demand. As more users interact with the network, utility increases, creating pressure on supply. This dynamic has historically supported upward price action in leading Layer 1 blockchains.

The current rise in Solana wallet addresses reflects more than speculation; it points to rising trust in Solana’s ecosystem and scalability. If this trend continues, demand could outweigh selling pressure, especially if the price breaks previous resistance near $160. Solana’s wallet milestone now positions it among top blockchain networks for active user engagement. The number of wallets may continue rising if real-world integration accelerates. As the price holds steady above $150, analysts will be watching whether address growth translates into sustained price momentum.