Solana (SOL) Records 420% Inflow Surge During Crazy 38% Price Rally
This remarkable rally propelled SOL's value to $31.38 per token, a level unseen since mid-July, when it briefly touched $33. The surge made Solana one of the most-talked-about assets in the digital currency sphere last week.
What truly set this rally apart was the unprecedented influx of investments into SOL-oriented products. According to the latest weekly report by CoinShares, flows into Solana-related ETPs skyrocketed by an astounding 420% within a week, totaling an impressive $15.5 million. This marked a stark contrast to other cryptocurrencies, especially Ethereum, which experienced outflows totaling $7.4 million due to security concerns surrounding its network.
