Solana's 30-day volatility sank to 35.5% as of May 4, dipping below both its 90-day and 200-day averages for the first time in months. That signals a quieter trading phase for the altcoin after 2024's wild swings when volatility hit 109%. The shift comes as ETF inflows cool but long-term holder activity surges.
Cooling Volatility
Solana's current 30-day volatility reading is the lowest it's been since early 2026, when it touched an all-time low of 25.8%. That's a far cry from early 2024's 109% rate. The 90-day and 200-day averages now sit higher than the 30-day figure at 57.4% and 54.0%. This inversion shows recent trading has stabilized after two years of turbulence. It’s a relief for traders who weathered last year’s 100% spikes.
ETF Momentum Eases
Solana spot ETFs launched last October have pulled in over $1.02 billion with no outflows so far. But the rush has slowed. April’s inflows shrank to $39.93 million from November’s $419 million peak. The decline isn't panic—it’s normal after launch hype fades. Still, the steady accumulation matters. The timing isn’t ideal with Bitcoin up 20% over the last 30 days while Solana gained just 4%.
Long-Term Holders Step Up
Long-term Solana holders are quietly building their stacks. Addresses holding SOL for 155 days or more jumped from 524,366 on March 8 to 2.58 million by May 4. That surge in dormant coins contrasts with the market’s short-term focus. It suggests some big players see past the current ETF slowdown. They’re betting on Solana’s staying power even as volatility eases.
The next ETF flow report drops next week. It’ll reveal if April’s slowdown continues or if the calm trading period lures new capital back.
