Is Solana Dead? Cash App, SoFi, and Western Union Don’t Think So

Solana has struggled badly in recent weeks, and the question “Is Solana dead?” has become common across crypto circles. The timing makes the frustration even stronger. Solana ETFs were approved with more than $369 million flowing in, yet the price failed to respond in any meaningful way.

Instead of rallying, SOL slid steadily while the broader market corrected. This behavior feels counter-intuitive, especially for holders who expected a strong upside move after institutional products went live. But the weakness in SOL is part of a much larger trend: almost every major crypto asset has retraced sharply as ETF outflows, macro uncertainty, and liquidity thinning hit the market simultaneously.

Against this noisy backdrop, analyst Cloudz shared a list of facts that paints a very different picture from the bearish sentiment. And when the fundamentals are laid out clearly, it becomes harder to argue that Solana is finished.

Institutions Are Building While Retail Panics

Cloudz highlights that Solana has secured ETF approvals and attracted hundreds of millions in inflows. These products bring long-term capital, not short-term speculation, and they continue to pull Wall Street deeper into the Solana ecosystem.

At the same time, SoFi Bank allows customers to buy SOL directly from their regulated platform; a significant bridge between traditional banking and decentralized assets. Cash App is preparing to integrate stablecoins in 2026, a move that could channel millions of new users into Solana’s stablecoin economy.

“Solana is dead”– ETFs approved ($369 million inflows)– Wall Street takeover– SoFi bank allows you to buy SOL– Cash App integration of stablecoins in 2026– Biggest Solana event in December– Western Union building on Solana– #1 in revenue than any other chainthere is no…

— Cloudz (@cloudz) November 13, 2025

And then there’s Western Union, one of the largest money transfer companies in the world, now building on Solana to modernize cross-border payment rails. This single partnership puts Solana in a position to service global remittances with near-instant settlement speeds and minimal fees.

Cloudz also points out that Solana ranks #1 in revenue among all blockchains. The network is processing more real economic activity than Ethereum, Layer 2s, and every competing chain. No chain labeled “dead” continues to lead in fees, usage, and developer growth at the same time.

The Disconnect Between Solana Price and Fundamentals

The recent sell-off feels painful, but it does not reflect Solana’s actual adoption curve. ETF products exist. Banks support the asset. Major companies are integrating it. Developers continue delivering at a pace unmatched by other ecosystems. The price action is simply following the broader correction affecting Bitcoin, altcoins, and even ETF-heavy assets.

Once liquidity stabilizes and Bitcoin completes its corrective leg, Solana will likely begin reflecting the fundamentals that are already in place. The ecosystem continues expanding, even if the chart doesn’t show it yet.

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