Solana (SOL) surged more than 6% on Jun. 7, bucking a market-wide slide into extreme fear and fueling speculation about a possible run toward $100.
Key Points:
- Solana rose over 6% on Jun. 7, outpacing Bitcoin and lifting the SOL/BTC ratio to its best daily gain in more than a month.
- The wider crypto market sank into extreme fear, a two-month low, as Bitcoin slid toward $61,000 and Ether dropped hard.
- On-chain data shows more than 1.7 million users returning to Solana each day, the highest level since February.
Solana Outpaces Bitcoin In Selloff
The token climbed more than 6% on Jun. 7, logging one of the strongest inflows among large-cap assets and topping the 4% gain from Bitcoin (BTC). The SOL/BTC ratio closed up over 2.7%, its best single-day reading in more than a month.
Ethereum (ETH) also jumped 7.9% on the day. The parallel gain suggested capital was rotating broadly across altcoins rather than chasing Solana alone, complicating the decoupling case.
The rebound stood out because sentiment had just dropped into extreme fear, the lowest in two months. Bitcoin fell near $61,000, a level last seen in February, as spot funds logged a 13th straight day of outflows. More than $4 billion has left those products since mid-May, with heavy institutional selling adding pressure.
Also Read: Bitcoin Pushes Above $63,000, Trimming Losses From A Savage Selloff
On-Chain Data Backs Solana Rebound
The divergence carries weight because Solana sits among the hardest hit this cycle. The token is down roughly 20% on the week and about 46% across 2026. In a risk-off market its holders would usually sell first, yet the price action broke that script this time.
Analysts point out that earlier extreme-fear prints this year came right before market lows, framing the current panic as a possible accumulation window. Readings this low have long lined up with capitulation, when investors finally lock in losses.
On-chain figures complicate the bearish read.
More than 1.7 million users return to the network daily, the highest tally since February, and the team has flagged a major announcement this week. With money flowing straight back in, the move looks less like a beta bounce and more like a sign of relative undervaluation.
Solana opened 2026 near $125 and briefly topped $148 in January before losing its footing. It bled through the spring and slid from the low $80s only days ago. The token now trades near $67, still down about 77% from its January 2025 record.
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