Solana
Why Solana is up 1.7% today
Analysis
Solana (SOL) rose about 1.7% over the past 24 hours, likely supported by reports that Solana-related ETP products attracted inflows even as the broader crypto ETP market logged a fourth straight week of outflows, signaling relative demand for SOL exposure. Additional sentiment may have been helped by coverage noting Solana “lands PayPal,” reinforcing the network’s ongoing integration narrative even if spot pricing was described as relatively muted at the time.
Contributing Factors (3)
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...
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Move Details
Explanation Confidence
Moderate confidence. Multiple factors may be contributing.