Solana has been experiencing consistent capital inflows and price appreciation, outperforming Bitcoin and Ethereum. Despite the absence of Solana exchange-traded funds (ETFs), it has attracted substantial investment. The SEC has been hesitant to approve spot Solana ETF applications, possibly due to regulatory uncertainties. However, Solana has shown impressive growth and resilience, outpacing Bitcoin and Ethereum in price gains since its November 2022 cycle low. Capital inflows have driven a substantial rise in Solana's Realized Cap, reflecting increased liquidity. Both short-term and long-term holders have contributed to profit-taking, but investors have yet to reach the unrealized profitability levels typically seen before long-term market peaks. Solana's current price is $187.83, down 4.84% today, but it needs to secure a full-body close above $200 to flip its momentum bullish.



Other News from Today