Documents dated February 11, 2026, show that the Wall Street giant has built an exposure of approximately $108 million in Solana investment products. The allocation is split across vehicles, with $45.4 million directed to the Bitwise Solana ETF and $35.7 million to the Grayscale Solana Trust. This institutional accumulation occurred during a broad market correction and contrasts sharply with prevailing negative sentiment. SOL declined over 4% to around $82 on the spot market that Wednesday.
Further evidence of professional interest came from data on the preceding Tuesday, which indicated U.S. spot ETFs for the asset saw net inflows of $8.43 million despite falling prices. Beneath the surface price pressure, key network activity metrics show resilience. The total value of stablecoins on the Solana blockchain has grown by roughly 14% over the past week to $15.34 billion, signaling rising liquidity and utility within the ecosystem. Adding to this strength is a surge in automated transactions, with autonomous AI agents recently executing more than 38 million transactions.
From a chart perspective, SOL is testing crucial support at the $80 level, a significant technical and psychological barrier. A sustained breakdown below this zone could open targets near $75 or even $64. Momentum indicators imply the sell-off may be overextended in the short term, with the RSI around 27 indicating oversold conditions and potential for a rebound. The immediate question is whether this institutional demand will defend the $80 support level.
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