The cryptocurrency you must buy in this circle
Solana’s price may benefit not from broader market cues, but from institutional action. Despite a slow start to the year, SOL is now the largest asset in terms of inflows. Since the beginning of 2024, Solana has surpassed top spot Chainlink, accumulating $29 million in inflows.
Most of this was raised in the past month, reaching $19 million. This trend is expected to continue in early June as the market is recovering. Therefore, as institutions continue to accumulate more SOL, Solana’s price will also rise, with the possibility of reclaiming $200 as a support floor.