Important collection restaurants
Did solana attract institutional investments despite selling whales?
Yes, Solana attracted $ 291 million to institutional intake last week, the second highest ever.
Can Solana keep its momentum above $ 200?
Support of around $ 200 remains strong, but unless bulls reclaim $ 215- $ 220, the downward risk for $ 190 still lingers.
Solana [SOL] Has been on a role lately.
Despite some mega-walvis sale, big money continued to flow in. Institutions bought Solana at a pace that yielded $ 291 million in inflow, the second largest weekly appetite in its history and the largest among all crypto assets.
Keep selling whales even on small pumps
On September 29, A single whale loaded $ 31.59 million in SOL, part of a growing trend of major players who are cashed in during every higher price recording.
Source: X
Gay values Is also a member of the promotion, Sale of SOL in one go. While the retail trade may accumulate, whales take every opportunity to get a profit.
But can this electricity sell Cap Solana’s Momentum, or are the constant institutional inflow strong enough to be heavier than the outputs?
Solana surpasses the rest
By one Recent coinshares report, The recent achievements of Solana stand out with a mile.
While Bitcoin [BTC] Saw -outflows of $ 719 million and Ethereum [ETH] Bled $ 409 million last week, Solana attracted $ 291 million; The second highest inflow on record.
Source: Coinshares
That is a complete reversal of a broader market sentiment, which amounted to a total of $ 812 million in crypto. Even Ripple’s XRP, the next best performer, knew only $ 93 million in inflow.
With 16 consecutive weeks of positive flows and $ 1.8 billion YTD, Solana is currently the strongest institutional magnet on the market.
Add to the momentum, the first Solana Treasury Company of Australia, Fitell Corp, Announced plans To expand its strategy by establishing a pumping smoking box.
Last week it picked up $ 100 million and bought it for $ 10 million from Sol to launch his Solana.