Bitwise’s Solana ETF staking fund recorded net inflows of more than $110 million this week, signaling strong institutional confidence.
Ecosystem growth
Solana’s stablecoin supply reached an all-time high of $17.3 billion, while the Alpenglow upgrade aims to complete transactions in 150 milliseconds.
Key risks
A transfer of 500,000 SOL (~$60 million) to a centralized exchange raised concerns about potential selling pressure from whales, especially as the RSI indicator is currently in overbought territory.
Ecosystem growth
Solana’s stablecoin supply reached an all-time high of $17.3 billion, while the Alpenglow upgrade aims to complete transactions in 150 milliseconds.
Key risks
A transfer of 500,000 SOL (~$60 million) to a centralized exchange raised concerns about potential selling pressure from whales, especially as the RSI indicator is currently in overbought territory.