Solana Breaks Record With 11.4M Active Wallets Holding 0.1 or More

• Solana hit 11,438,122 wallets on June 28 showing strong address growth within one month of consistent activity.
• SOL price stayed above $150（UTC+8） while users continued to enter and hold tokens during quiet trading sessions.
• Wallet data confirmed steady inflows across the final week of June signaling rising long-term user confidence.

The number of Solana wallets holding at least 0.1 SOL reached a new all-time high of 11,438,122 on June 28, 2025. According to Glassnode data, this milestone represents the strongest network growth in Solana’s recent history. During the same time, SOL traded at $150.76（UTC+8）, showing a gradual price recovery.

Wallet Growth Signals Expanding Network Participation

Data tracked from May 27 to June 28, 2025, confirms a consistent rise in Solana’s user base measured by wallet activity. Glassnode recorded a clear upward trend, with total wallets rising from approximately 11.22 million to 11.44 million in just over a month. This metric reflects active participation from both new and existing users.

On June 28 alone, the network recorded 11,438,122 wallets with a minimum balance of 0.1 SOL. This is the highest wallet count ever observed on the Solana blockchain . The sharp increase shows continued adoption across both retail and institutional segments, despite volatility in market conditions.

From June 22 to June 28, wallet numbers surged without any major decline. Previous data between early and mid-June had shown fluctuations, but the final week of June exhibited stable user growth. The surge aligns with renewed interest in Layer 1 blockchains, especially as Solana becomes more active in real-world applications.

Price Stability Follows Address Growth Spike

While wallet numbers increased, Solana’s price maintained a narrow trading range. On June 28, SOL closed at $150.76（UTC+8）, 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. Price action began to mirror this activity by moving upward and establishing stronger support levels near $145（UTC+8）.

The data chart shows a clear correlation between wallet inflows and SOL price resilience. Notably, 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.

Can Wallet Growth Sustain Solana’s Market Strength?

With Solana now surpassing 11.44 million wallets, the key question emerges: Can this growth 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 price breaks previous resistance near $160（UTC+8）.

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 price holds steady above $150（UTC+8）, analysts will be watching whether address growth translates into sustained price momentum.