Solana
Why Solana is up 1.7% today
Analysis
Solana (SOL) rose about 1.7% over the past 24 hours, likely supported by reports of institutional-style demand via ETP products, as CoinJournal noted SOL attracting inflows even amid a broader multi-week crypto ETP outflow streak. Sentiment may also have been helped by ecosystem adoption headlines—AMBCrypto highlighted Solana “landing PayPal”—which can reinforce the network’s growth narrative despite mixed market reactions.
Contributing Factors (3)
Solana lands PayPal, Cardano gets USDCx – But why are SOL and ADA flat?
Traders want visible results before coming in with faith.
Tron Flips Solana in Weekly Layer-1 Transaction Fees
Tron is now the largest layer-1 chain in terms of transaction fee revenue.
Solana, XRP attract inflows despite 4-week crypto ETP outflows streak
Digital asset investment products saw outflows of over $173 million last week. Bitcoin and Ethereum recorded the most outflows amid broader price weakness. Solana and XRP maintained their inflow momen...
Move Details
Explanation Confidence
Moderate confidence. Multiple factors may be contributing.