Solana’s 30-Day Capital Inflows Turn Positive After Months of Stagnation
Solana's 30-day realized cap inflows have turned positive, increasing by 4–5%, indicating a potential trend reversal after months of outflows. This uptick suggests renewed demand within the Solana ecosystem.
- The US SEC has delayed its decision on Grayscale’s proposed spot Solana ETF until October 2025.
- This delay may temporarily affect institutional inflows but does not undermine growing interest in Solana.
- DeFi Development Corp. purchased $23.6 million worth of SOL, bringing its total holdings to nearly 596,000 SOL valued at approximately $102.7 million.
- VanEck launched VBILL, a tokenized US Treasury fund that utilizes multiple blockchains, including Solana.
Technical Analysis
SOL is currently trading at $169.23, down 6% in the last 24 hours but up 10% weekly. Immediate support is at $163.53 and resistance is at $177.20. If support breaks, further levels are $155.08 and $149.
The RSI is at 60.19, suggesting a cooling off from recent highs but still within bullish territory, indicating potential for renewed buying momentum.