Volume Shows Big Players Are Reloading On Solana As They Push For 4-Month Highs
Solana is seeing renewed interest from institutional investors, who appear to have flipped bullish on SOL again. This follows the record inflows that the SOL ETFs have recorded since the start of this month, which have pushed the altcoin to a four-month high. Solana Sees Fresh Inflows From Institutional Investors According to SoSoValue data, Solana […]
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CryptoSlam ranks Solana as the fourth-best NFT blockchain behind Ethereum, Ronin and Wax in terms of 24-hour sales volume. Secondary sales volume for Solana (SOL) based nonfungible tokens (NFTs) has reached almost $500 million since the start of August. According to data from CryptoSlam, secondary sales of Solana NFTs have generated a total of roughly $497.7 million from around 348,000 transactions as of Nov. 2, with the average sale per NFT tallying in at $1,500. The data shows that Solana saw a record month for secondary NFT sales volume during September with a total of $189.4 million.....
In the dynamic and often opaque world of Bitcoin trading, institutional traders are operating with a fundamentally different playbook. These players are actively hunting for low-volume areas and under-traded levels, seeing them as strategic advantages for maximizing profit. Why Institutions Avoid The Crowd And Target The Gaps Bitcoin’s institutional traders and big players are actively hunting low-volume areas. These zones are thinly traded areas, which shows that there are fewer resting orders, making it easier to fill massive positions with less slippage. In an X post, a crypto analyst....
Solana price is pushing toward new highs as an increasing number of DApps, DeFi projects and stablecoins build platforms on the network. The arrival of institutional investors and the rise of decentralized finance (DeFi) has been an incredible boon for the entire cryptocurrency sector but it has also highlighted a number of persistent limitations that many blockchain networks encounter when faced with surges in activity and the need to scale. High fees and slower transaction times on the Ethereum (ETH) network have left the door open for new layer-1 solutions to emerge, and Solana (SOL)....
Crypto analyst Ali Martinez has highlighted a crucial moment for the price action of Solana, pointing to a key support level within a parallel channel. His technical analysis, which is based on SOL price action on the daily candlestick timeframe, shows that the altcoin has been trading in an uptrend channel since July 2024. Notably, this uptrend channel has been highlighted by the formation of higher lows and higher highs as Solana continued to push to new all-time highs. Now, Martinez noted that holding above a key support level could reinforce the altcoin’s uptrend towards the....
Two major institutional players – SOL Strategies and DeFi Development Corp – recently injected $509.9M combined into their Solana treasury incentives. The investment strategy echoes MicroStrategy, but this time, it’s Solana ($SOL) rather than Bitcoin ($BTC). These sizable capital inflows into $SOL suggest a bright future for Solaxy, the world’s first Solana Layer-2 (L2) network […]