Solana (SOL) Could Fall 15% This Week, Here's Why
$SOL is losing the support of one of the most important groups of investors - institutional
The loss of institutional investor support will likely lead to a major correction for Solana if SOL fails to address the issue.
About where to buy Solana if you live in Russia, read the special BeInCrypto material about the best exchanges for investors from the Russian Federation
Institutions decided to take a break from Solana
The project's token, like any other cryptocurrency, will inevitably depend on the actions of institutional investors. They can play the role of a driver for both growth and price correction.
Perhaps the latter is what awaits SOL, as the altcoin has lost a significant amount of investment from institutional investors. According to the weekly CoinShares report, Solana, along with Bitcoin and Ethereum, recorded significant outflows.
❤️ If you find this information helpful, consider supporting me through the Binance Tipping feature. Your generosity helps me provide quality content.🙏