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Solana ETFs See $350M Inflow, but $1B in Alameda Unlocks Caps Price


Solana ETFs See $350M Inflow, but $1B in Alameda Unlocks Caps Price

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  • US spot Solana ETFs have registered over $350 million in net inflows across eleven straight days
  • Scheduled token unlocks tied to the Alameda Research/FTX bankruptcy estate are injecting approximately 193,000 SOL (around $30 million) into exchanges 
  • DEX daily trading volumes on Solana recently exceeded $5 billion, surpassing Ethereum and BNB Chain

Solana (SOL) is caught in a technical tug-of-war, with its price pinned near $155 as two powerful and opposing market forces collide. On the one hand, institutional demand looks strong, as US spot Solana ETFs have registered over $350 million in net inflows across 11 straight days, with a single-day inflow of nearly $8 million on November 11.

On the other hand, scheduled token unlocks tied to the Alameda Research/FTX bankruptcy estate are injecting approximately 193,000 SOL (around $30 million) into exchanges as of two day…

Read The Full Article Solana ETFs See $350M Inflow, but $1B in Alameda Unlocks Caps Price On Coin Edition.

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Coins

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Coins

$ 1.80K

+0.88%

$ 577.24

+0.20%

$ 77.99

-1.59%

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