Solana Investment Products See $6.4 Million in Inflows Amid Bullish Trend
Solana (SOL) Market Overview
- SOL price increased by 8% in 24 hours, currently trading at $143.30.
- 78.82% of traders on Binance Futures hold long positions in SOL.
- SOL derivatives volume rose by 106%, with options surging by 1,117%.
- Ranked as the sixth-largest digital asset.
Institutional Investment
- Solana investment products saw inflows of $6.4 million.
- Ethereum experienced outflows of $86 million, indicating a shift in institutional interest.
- Increased inflows into Polygon and Chainlink support broader altcoin interest.
Spot Solana ETF Approval
- Polymarket predicts an 87% chance for spot Solana ETF approval by 2025.
- U.S. President Donald Trump mentioned SOL as a potential part of a U.S. crypto reserve.
- Improving likelihood of Solana ETF approval could attract significant institutional investments.
SOL Price Analysis
- Relative Strength Index (RSI) is at 52.14, indicating no overbought or oversold conditions.
- Bollinger Bands show SOL testing resistance at $146.28; a breakout may lead to $175–$200 range.
Trump's launch of the Official Trump token, priced at $11.89, highlights the growing meme coin and stablecoin ecosystems on Solana, which may contribute to further price increases.