_SoFi

SoFi Solana Support: Buy, Sell, and Store SOL Directly in the App

February 28, 2026

The prominent American financial technology company SoFi announced that it now supports Solana network deposits. This enables more than 13.7 million SoFi customers to transfer SOL tokens from external wallets directly to their SoFi crypto accounts.

Summary:

  • SoFi, a US-based financial institution, started supporting the Solana network.
  • This allows 13.7 million users to deposit Solana (SOL) tokens directly through its banking app.
  • Users can now buy, sell, store, and view their SOL balances through a single interface.

Extending Crypto-related Transactions in a Regulated Bank

SoFi Technologies Inc., a major financial technology company and online-only bank, was founded in 2011. The bank started as a student loan refinancing startup offering affordable, personalized loans. Currently, SoFi manages over $50 billion in assets.

  • Apart from banking services, SoFi commands a strong brand recognition. It also holds naming rights to SoFi Stadium in California.
  • The bank now allows its customers to buy, sell, hold, and receive SOL tokens within its mobile app. In addition, users can manage crypto balances alongside checking and savings accounts.
  • This integration also streamlines digital asset management for mainstream customers. It also bridges the gap between traditional financial and blockchain ecosystems.
  • As SoFi is a regulated national bank, it provides institutional-level security and oversight by U.S. bank regulators, supports transparency and safety.

Why is SoFi-Solana Integration Significant?

SoFi is the first nationally chartered U.S. bank to support Solana network deposits. As this is a regulated bank, the crypto services will be under federal oversight and institutional-level regulations. This also reduces the gap between traditional financial institutions and digital assets.

Solana Price Action and Market Analysis

Solana is currently trading around $78.32. The token experienced a major intraday decline of 6.18% to 7.15% over the last 24 hours.

According to SOL’s market technical analysis, the token is in a strong sell sentiment. It is also trading below its major daily Exponential Moving Averages (EMAs). The 20-day EMA is at $87.29, acting as the immediate barrier to any recovery.

The 50-day EMA is at $102.89, the range for broader recovery attempts. The 14-day Relative Strength Index (RSI) is at 26.67, entering oversold territory. Both MACD lines remain below the zero line with a negative histogram, confirming that bearish momentum is dominating.

The critical support level is $75-$76, and if the token fails to defend this level, it could accelerate a slide towards the next major zone at $70 or $60. The immediate resistance is near $87-$88, and if SOL can reclaim this range, it should shift short-term momentum.

Conclusion

SoFi became the first nationally chartered U.S. bank to enable direct Solana (SOL) network deposits and on-chain transfers. This allows users to send SOL tokens from external wallets directly to their SoFi account without third-party intermediaries. Users can also purchase SOL instantly using funds from their SoFi accounts.

SoFi’s integration with the Solana network allows regulated bank customers to transfer assets directly on-chain within a traditional banking framework. It initiates new possibilities for bringing financial institutions and digital assets together.
Despite this announcement, the Solana (SOL) price is in a downward trend. SOL plunged 3.7%, dropping from $81 to $78 within the last 24 hours.