Solana (SOL) whales have aggressively accumulated in the past week amid midterm bearish sentiment. According to a weekly report from CoinShares, Solana led the rest of the crypto assets’ investment products, with a net cash inflow of about $421 million.
As such, Solana’s investment products’ year-to-date cash inflow is about $3.2 billion, thus their total assets under management at around $4.76 billion. Remarkably, Solana outshined Ethereum (ETH) and XRP, which recorded a net cash inflow of around $57.6 million and $43.2 million, respectively.
Source: CoinShares
Worth noting that Bitcoin’s investment product recorded a net cash outflow of about $946 million last week, thus weighing down on its bullish sentiment.
The organic demand for Solana is heavily influenced by its spot SOL ETF hype in the United States. The recent listing of the Bitwise Solana Staking ETF has increased the odds of more similar products joining the market amid the ongoing U.S. government shutdown.
Capital rotation from Bitcoin to SOL will be much seamless through the ETF market, especially amid the anticipated altseason 2025. Moreover, the altseason 2025 is expected to be triggered by the onset of the Fed’s Quantitative Easing in December.
The Solana ecosystem has grown in tandem with the mainstream adoption of digital assets. According to market data analysis from DeFiLlama, Solana’s total value locked has grown to over $10 billion, with its Stablecoin market cap at around $14.5 billion.
The Solana ecosystem has grown significantly in the recent past, fueled by its network resilience. In the past twelve months, the Solana network has not experienced any outage despite mainstream adoption.
From a technical analysis standpoint, the SOL/USD pair has been approaching the apex of a multi-year ascending triangular pattern.
Source: X
A consistent close above its prior all-time high will trigger further upside movement for SOL price in the subsequent months.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
Finding a crypto asset that can deliver near-term momentum while also holding real long-term value…
Under the President Donald Trump Administration, the U.S. government has taken a markedly different approach…
Ethereum (ETH) is trading near a crucial price zone, leaving traders cautious as the market…
Story Highlights The live price of the PEPE coin is . Analysts predict PEPE could…
Story Highlights The live price of the LINK token is . Price prediction for 2026…
Story Highlights The live price of the Dogecoin is . Analysts project Dogecoin could reach…
