Solana
Why Solana is up 1.1% in the last hour
Analysis
Solana (SOL) ticked up 1.1% over the past hour as sentiment was supported by reports that Solana-related ETPs attracted inflows even while the broader crypto ETP market saw a four-week outflow streak, suggesting relative demand for SOL exposure (CoinJournal). The move came despite a separate headline noting Tron overtook Solana in weekly Layer-1 transaction fees, which may have limited upside but didn’t prevent a modest rebound (U.Today).
Contributing Factors (2)
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
High confidence in the explanation based on source reliability and timing.