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Narrative / Rank 09 / Week of Sep 28 – Oct 4 / Back after a break

Tokenized Equities Surge on Solana as On-Chain Stock Holders Hit Record Highs

By NSA Intelligence · Report published

steady$SOL
Peak / day15tracked accounts
Peak dayMonSep 28 · busiest day in the panel
Rest of X / peak day207distinct accounts outside the panel
Cited claims3source links retained
Market · $SOL+0.8%7-day price · rank #7

Attention

Who was talking, day by day

Sep 28 – Oct 4 UTC
Tracked paneldistinct tracked accounts / day
9
10
15
11
14
7
11
Rest of Xdistinct other accounts / day
207
203
168
172
203
140
142

What happened

Tokenized stock holders on Solana reached an all-time high of 1.2 million addresses after adding roughly 775,000 in September. Concurrently, American drone defense firm Powerus went public on NASDAQ while simultaneously listing on Solana. Commentators point to these milestones as evidence that expanding real-world assets and equities are directing fresh trading activity into Solana decentralized exchanges like Jupiter.

Why it matters

Solana is actively expanding beyond memecoins into traditional finance territory by hosting tokenized stocks and real-world assets, diversifying the on-chain user base and driving volume to underlying DeFi infrastructure.

Observed reaction

Bullish on the expansion into tokenized equities and real-world assets, with users highlighting accelerated address growth and institutional distribution.

Spread

Where it started and who carried it

First seen
Sep 28, 01:43 UTC by @roccodegen
Accounts
48 tracked · 38 elsewhere on X
Communities
general ct (14), memecoins solana (11), perps trading (7), ai crypto (5)
Key accounts
@cryptorover, @massivedotgg, @ashcrypto, @blknoiz06, @fuelkek

Explainability

Evidence register

Every claim links to the posts behind it
01

Tokenized stock holders on Solana reached an all-time high of 1.2 million addresses after adding roughly 775,000 in September.

[1]
02

American drone defense company Powerus went public on NASDAQ while simultaneously listing on Solana.

[1]
03

Commentators point to these milestones as evidence that expanding real-world assets and equities are directing fresh trading activity into Solana decentralized exchanges like Jupiter.

[1][2]

Angles

  • Break down the 1.2 million tokenized stock address milestone and discuss what asset tokenization brings to Solana DeFi beyond memecoins.
  • Examine how dual NASDAQ and Solana listings could reshape capital raises and international distribution for small-cap equities.

In the playbook for Fri, Oct 16

Formats in use

  • data breakdowns
  • thesis threads
  • quote tweets

Risks

  • Tokenized equities carry severe regulatory and licensing risks across international jurisdictions that can change rapidly.
  • Address count surges can be inflated by multi-wallet creation and do not necessarily guarantee sustained organic trading volume.

Observed content

Most-engaged posts

8 posts on X
BA@bastiaan_eth193 likes
🤯 TOM LEE SAYS $BMNR , $SBET & OTHER TREASURIES WILL OWN 15% OF ALL $ETH !👇 Tom Lee, chairman of Bitmine, thinks Ethereum Digital Asset Treasuries will buy way more ETH, lower the supply and push the price dramatically! 7% of all ETH are now on treasuries, way more than $BTC
Open on X →
HA@haenko21167 likes
Solana got a spot ETF after a ~24x from its cycle low. $NEAR got one after ~5x. the easy take is: $SOL sold off after its ETF, so NEAR is next. but the ETFs arrived at completely different points in the cycle. when BSOL launched in October 2025, SOL was ~$195 and the crowd that
Open on X →
CR@cryptoglennimal138 likes
👀 $JUP / $SOL HUGE NEWS. Tokenized stocks holders on @solana just went absolutely parabolic. > New ATH > 1.2 million total addresses > September + ~775,000 Every one of those wallets has to swap somewhere. @JupiterExchange is the black hole that flow gets sucked into. YOU
Open on X →
SE@sebyrubino112 likes
$ETH has no business model $SOL has no business model $XRP has no business model $TAO has 128 business models Who do you think wins?
Open on X →
CR@cryptoglennimal87 likes
👀 $SOL All profits will go to long term $JUP staking. https://t.co/N3IuwKb58D
Open on X →
IC@icplegend196685 likes
🚨💰♾️ $ICP JUST GENERATED MORE DAILY REVENUE THAN SOLANA — FOR THE FIRST TIME SINCE 2021. NOW THIS IS A NUMBER WORTH WATCHING. 👀🔥 According to the Token Terminal chart you shared, on February 25: ♾️ INTERNET COMPUTER — $181,081 ◎ SOLANA — $137,506 That means $ICP generated
Open on X →
0X@0xpostrich66 likes
Strong change $HYPE flips $SOL this cycle btw https://t.co/c9PfHLX1Ir
Open on X →
EY@eylboh72 likes
Privacy is a choice solana:HcRLc9VDgjLeK154xDawfb1dmVJ98DoSqcwTHGqiDeJR Zolana $sol 🤝 $zec https://t.co/dlkDs2H7sh
Open on X →

History

Weeks this story made the report

2 weeks
  1. #14steady
  2. #9steadyTokenized Equities Surge on Solana as On-Chain Stock Holders Hit Record Highs