Coinspeaker
4 hours ago
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Solana Shows Resilience Amid Bear Market with Strong Fundamentals

The global crypto market cap is approximately $3.1 trillion, experiencing a decline of 1.7–1.8% over the last 24 hours. Despite this, Solana shows strong fundamentals.

Solana's Performance

  • Solana's price fluctuates around $140–142, showing resilience while other large caps are down.
  • Pricing varies slightly, with CoinGecko reporting a 4% intraday increase.

    • Solana price in recent 24h | Source: Coinmarketcap

Recent Developments

  • U.S. spot Solana ETFs saw net daily outflows of $32.19 million on December 3.
  • 21Shares' TSOL had redemptions of $41.79 million, while Bitwise's BSOL attracted $5.57 million in new capital.

On-Chain Activity

  • Solana experienced $321 million in net capital inflows over the past month.
  • More than $240 million was bridged from [Ethereum](https://holder.io/coins/eth/).
  • Active addresses have dropped to multi-month lows.
  • Derivatives positioning is net-long but less aggressive compared to October.

Future Outlook

  • Prediction markets estimate a 95% probability that Solana will not reach its all-time high of $295.40 before year-end.
  • Current trading levels are over 40% above Q4 lows, attracting various projects and developments.