Solana (SOL) Ends Near $100 as September Network Metrics Diverge

Solana (SOL), the network’s native token, ended its Oct. 14 UTC daily candle above $100, while September network measures moved in opposite directions and U.S. inflation came in above economists’ annual forecast.

SOL/USD closed at $104.18 on the Oct. 14 UTC daily candle, 2.38% below its $106.72 open. The candle ended at 8 p.m. ET Wednesday, Oct. 14 (00:00 UTC Thursday, Oct. 15). The Consumer Price Index (CPI) release came at 8:30 a.m. ET (12:30 UTC) Wednesday, but the timing alone does not show that inflation caused the full-day decline.

The CPI rose 0.6% from August on a seasonally adjusted basis and 3.7% year over year in September, up from 3.4% annual inflation in August. The annual rate was above economists’ 3.6% forecast. Core CPI, which excludes food and energy, rose 0.3% month over month on a seasonally adjusted basis and 2.6% year over year. The gasoline index rose 9.1% on a seasonally adjusted basis, accounting for more than half of the monthly increase in the all-items index. The release had been flagged as a test for Federal Reserve rate-pause expectations in an earlier CPI outlook.

September’s completed non-vote count reached 3.18 billion, an 8.3% increase from August and a third straight monthly high. Total non-vote transactions, including those later reverted, fell 8.2% to 4.70 billion from 5.12 billion. Reverted transactions declined 30% to 1.52 billion. Reverted transactions were processed by the network, but their results were rolled back.

A separate measure put Solana’s average daily active addresses at 2.3 million in the third quarter, up 16% from the previous quarter. That quarterly average covers a different period and activity measure from the September transaction counts, so the figures do not show one uniform trend in network use.

The $100 threshold has also featured in earlier coverage of a Solana support band. September’s rising completed transaction count and falling broader total leave mixed evidence about network activity; these figures alone do not establish a broad slump.