$SOL ends 10 consecutive months of declines
$SOL was actually very strong in August.
In the whole of August, it rose by about 46% cumulatively. It finally ended 10 consecutive months of monthly closes in the red, and at one point surged above $110, reaching the highest level since the end of January.
More importantly, this move isn’t just retail investors playing the market.
In the past week, US SOL spot ETFs saw net inflows of about $153 million, the best week since they were launched. Total assets under management have now nearly reached $1.5 billion.
So right now, my feeling about SOL is completely different.
Before, it had been falling for almost a year with nobody daring to touch it. Now, the price is starting to reverse, and institutional capital is coming in at the same time.
If BTC can hold steady from here, I think SOL is very likely to become one of the most elastic coins among the large-cap altcoins in this cycle.
$BTC
$SOL was actually very strong in August.
In the whole of August, it rose by about 46% cumulatively. It finally ended 10 consecutive months of monthly closes in the red, and at one point surged above $110, reaching the highest level since the end of January.
More importantly, this move isn’t just retail investors playing the market.
In the past week, US SOL spot ETFs saw net inflows of about $153 million, the best week since they were launched. Total assets under management have now nearly reached $1.5 billion.
So right now, my feeling about SOL is completely different.
Before, it had been falling for almost a year with nobody daring to touch it. Now, the price is starting to reverse, and institutional capital is coming in at the same time.
If BTC can hold steady from here, I think SOL is very likely to become one of the most elastic coins among the large-cap altcoins in this cycle.
$BTC