# Solana Trades Near $105 as Market Pricing Favors a Drop to $100 By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/34423 Published: 2026-10-18T16:12:13.000Z Updated: 2026-10-18T16:12:13.000Z Section: Investing > Market pricing assigns an 82% probability to SOL reaching $100 or lower by month-end, while September tokenized-stock trading on Solana set a $4.4 billion record. Solana (SOL) traded near $105 on Oct. 18 as market pricing favored a move to $100 or lower by month-end. The implied probability for that threshold was 82%, while the chance of reaching $190 by Oct. 31 was 1%. Solana’s market capitalization stood near $60 billion, leaving SOL about 65% below its January 2025 peak. The network handles thousands of transactions each second. Trading in tokenized stocks on Solana exceeded $4.4 billion in September, setting a record. Raydium and Orca contributed to activity across the network’s decentralized exchanges, highlighted in [September’s record tokenized-stock trading](). These figures describe network throughput and trading activity, but do not establish how much recurring fee or application revenue accrues to SOL. That distinction was also raised in [an earlier Solana valuation analysis](). The Alpenglow update, regulatory developments and broader crypto-market conditions are among the factors to watch. A rollout without significant outages and favorable regulatory developments could support the network-growth case, while major outages or negative regulatory action could weigh on it. ## Links in this article - [September’s record tokenized-stock trading](https://www.tokenpost.com/news/investing/26677) - [an earlier Solana valuation analysis](https://www.tokenpost.com/news/investing/30877)