๐จ WATCH OUT FOR $SOL: something pretty interesting is happening today ๐
While $BTC and $ETH continue to capture most of the attention, Solana is having its own move.
๐ $SOL is up around 9% in the last 24 hours.
But the piece of data that caught my attention the most was this:
๐ฐ US$60.91 million flowed into Solana spot ETFs on August 27.
It was the third day with the highest inflows since these funds launched, and it brought the total to approximately US$1.322 billion.
In addition, Solana just went through a governance vote that changes aspects of its token issuance and the burning of fees, while Charles Schwab announced that it will add SOL to its crypto platform.
๐ฅ ETF demand
๐ฅ Institutional news
๐ฅ Changes in the tokenโs economics
But watch out: good news doesnโt mean the price has to keep going up. After a strong rally, profit-taking can also show up.
๐ What do you think?
๐ข $SOL still has room to run
๐ด Itโs already risen too much and itโs time to correct
I want to see what happens after this move. ๐
#Solana #SOL #Crypto #Binance
While $BTC and $ETH continue to capture most of the attention, Solana is having its own move.
๐ $SOL is up around 9% in the last 24 hours.
But the piece of data that caught my attention the most was this:
๐ฐ US$60.91 million flowed into Solana spot ETFs on August 27.
It was the third day with the highest inflows since these funds launched, and it brought the total to approximately US$1.322 billion.
In addition, Solana just went through a governance vote that changes aspects of its token issuance and the burning of fees, while Charles Schwab announced that it will add SOL to its crypto platform.
๐ฅ ETF demand
๐ฅ Institutional news
๐ฅ Changes in the tokenโs economics
But watch out: good news doesnโt mean the price has to keep going up. After a strong rally, profit-taking can also show up.
๐ What do you think?
๐ข $SOL still has room to run
๐ด Itโs already risen too much and itโs time to correct
I want to see what happens after this move. ๐
#Solana #SOL #Crypto #Binance
