Solana trades at $100.87

Solana-focused X account Solana radar posted on September 3 that SOL was trading at $100.87, up 1.2% on a six-hour view that showed $766.6 million in volume and a rising relative strength index, or RSI. The post linked the move to a chart image and to on-chain data referenced in the thread. Broader market trackers showed SOL trading near the $100 level this week, after closing at $99.99 on September 1, according to CoinMarketCap, while CoinGecko showed September 1 volume above $3.2 billion on a daily basis. The X post is a market snapshot rather than an exchange filing or protocol announcement. But the figures it highlighted sit within a period of heavier trading for Solana, with daily volumes in late August and early September running in the billions of dollars on CoinMarketCap and CoinGecko data. ### What exactly did the X post claim? The September 3 post from Solana radar said SOL was at $100.87, up 1.2%, with $766.6 million in six-hour volume and RSI “climbing” on that same timeframe. (coinmarketcap.com) The thread also said traders were watching growth in Solana ecosystem activity, according to the social briefing provided for this story. A six-hour chart measures a shorter trading window than the daily closes published by major market-data sites. (coinmarketcap.com) That means the $766.6 million figure in the post is not directly comparable with full-day spot volume totals, which were above $3 billion for SOL on September 1 and September 2 on public trackers. ### Why does the RSI reference matter to traders following SOL? RSI is a momentum indicator that tracks the speed and size of recent price moves over a defined period. (coinmarketcap.com) The post’s wording that RSI was “climbing” indicated strengthening short-term momentum on the six-hour chart, rather than a statement about Solana’s fundamentals or protocol revenue. The $100 area also matters because public market data show SOL has been trading around that level for several sessions. (coinmarketcap.com) CoinMarketCap listed a September 1 close of $99.99 after an August 31 close of $103.00, while CoinGecko showed a September 1 close of $99.97. ### What do public on-chain dashboards show about ecosystem activity? Blockworks’ Solana analytics pages show a wide set of network indicators, including unique active addresses, transaction counts, fee data and popular programs over the last day. The dashboard says those metrics are intended to show how users interact across the network, while also cautioning that some measures, such as unique active addresses, are not a direct measure of user growth. (coinmarketcap.com) That matters because social-media claims about “ecosystem activity” can refer to several different things at once: wallet activity, application usage, DEX trading, fee generation or bot-driven traffic. Blockworks’ descriptions make clear that each metric captures a different slice of network behavior. ### How does this fit with the wider Solana market backdrop? CoinStats AI said in a September 3 market note that SOL was trading near $100 and described price action as fragile even as it pointed to strong fundamentals and recent ETF inflows. (blockworks.com) That note also referenced a scheduled transaction-format upgrade and byte-limit increase for September 9. The market backdrop, then, is a token trading near a round-number level with traders watching both momentum signals and network data. (blockworks.com) The X post captured that intraday setup; the larger public datasets show whether the move is sustained across full-day volume, closing prices and on-chain activity. ### Where can traders check the next data points? September 9 is the next dated milestone mentioned in the public material, with CoinStats AI pointing to a scheduled Solana transaction-format upgrade and 4,096-byte limit increase. (coinstats.app) In the meantime, traders can track daily SOL closes on CoinMarketCap and CoinGecko and monitor activity measures on Blockworks’ Solana dashboards.