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Solana<a href="https://yellow.com/asset/sol" rel="noopener noreferrer nofollow">(SOL)</a> surged more than 6% on Jun. 7, bucking a market-wide slide into extreme fear and fueling speculation about a possible <a href="https://yellow.com/news/solana-98-bounce-bulls-crack" rel="noopener noreferrer nofollow">run toward $100</a>.
<blockquote>
 <h2 id="key-points">Key Points:</h2>
 <ul>
 <li>Solana rose over 6% on Jun. 7, outpacing Bitcoin and lifting the SOL/BTC ratio to its best daily gain in more than a month.</li>
 <li>The wider crypto market sank into extreme fear, a two-month low, as Bitcoin slid toward $61,000 and Ether dropped hard.</li>
 <li>On-chain data shows more than 1.7 million users returning to Solana each day, the highest level since February.</li>
 </ul>
</blockquote>
<h2 id="solana-outpaces-bitcoin-in-selloff">Solana Outpaces Bitcoin In Selloff</h2>
The token <a href="https://ambcrypto.com/solana-shows-diverging-strength-is-sols-100-move-taking-shape/" rel="noopener noreferrer nofollow">climbed</a> more than 6% on Jun. 7, logging one of the strongest inflows among large-cap assets and topping the 4% gain from Bitcoin<a href="https://yellow.com/asset/btc" rel="noopener noreferrer nofollow">(BTC)</a>. The SOL/BTC ratio closed up over 2.7%, its best single-day reading in more than a month.
Ethereum<a href="https://yellow.com/asset/eth" rel="noopener noreferrer nofollow">(ETH)</a> also jumped 7.9% on the day. The parallel gain suggested capital was rotating broadly across altcoins rather than chasing Solana alone, complicating the decoupling case.
The rebound stood out because sentiment had just <a href="https://www.cryptopolitan.com/crypto-fear-and-greed-index-drops-to-12/" rel="noopener noreferrer nofollow">dropped</a> into extreme fear, the lowest in two months. Bitcoin fell near $61,000, a level last seen in February, as spot funds logged a 13th straight day of outflows. More than $4 billion has left those products since mid-May, with heavy institutional selling adding pressure.
Also Read:<a href="https://yellow.com/news/bitcoin-lifts-63000-trims-selloff-losses" rel="noopener noreferrer nofollow">Bitcoin Pushes Above $63,000, Trimming Losses From A Savage Selloff</a>
<h2 id="on-chain-data-backs-solana-rebound">On-Chain Data Backs Solana Rebound</h2>
The divergence carries weight because Solana sits among the hardest hit this cycle. The token is down roughly 20% on the week and about 46% across 2026. In a risk-off market its holders would usually sell first, yet the price action broke that script this time.
Analysts <a href="https://crypto.news/crypto-fear-just-hit-13-every-time-before-it-marked-a-bottom/" rel="noopener noreferrer nofollow">point</a> out that earlier extreme-fear prints this year came right before market lows, framing the current panic as a possible accumulation window. Readings this low have long lined up with capitulation, when investors finally lock in losses.
On-chain figures complicate the bearish read.
More than 1.7 million users return to the network daily, the highest tally since February, and the team has flagged a major announcement this week. With money flowing straight back in, the move looks less like a beta bounce and more like a sign of relative undervaluation.
Solana opened 2026 near $125 and briefly topped $148 in January before losing its footing. It bled through the spring and slid from the low $80s only days ago. The token now trades near $67, still down about 77% from its January 2025 record.
Read Next:<a href="https://yellow.com/news/syscoin-halts-bridge-exploit-5b-sys" rel="noopener noreferrer nofollow">Syscoin Halts Bridge After Exploit Spawns 5B Unauthorized SYS</a>

Solana Bucks The Broad Selloff As Traders Bet On A $100 Comeback

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