
Jakarta, Pintu News – Amidst Bitcoin’s dominance in the headlines, Solana is starting to steal the show with a significant rise in assets under management (AUM) that reached a record $4.1 billion.
This rise was driven by massive institutional fund flows into ETFs linked to Solana (SOL), signaling increased confidence from institutions. With its high speed and scalability, Solana (SOL) is now a serious competitor to Ethereum .
Solana (SOL) offers unparalleled transaction speed and has become a top choice for developers and institutions seeking efficiency and low fees. In the last week, Solana-related funds (SOL) recorded daily inflows of $145 million, an all-time high. This marks 14 consecutive weeks of consistent growth.
Solana’s (SOL) advantage lies not only in speed, but also in its growing DeFi ecosystem and scalability. This makes Solana (SOL) increasingly seen as the ideal settlement layer for large-scale financial transactions, with over 6 billion daily transactions processed.
XRP Prediction: Potential to Surge to $5, Analysts Cue!
A number of large companies have started to allocate large funds into Solana (SOL). Currently, at least 17 companies own a total of 17.1 million SOL, valued at over $4 billion. Forward Industries led the way with the purchase of 6.82 million SOL at an average price of $232 per token, reaching a value of nearly $1.6 billion.
Other companies such as Sharps Technology, Defi Dev Corp, Upexi Inc. and Galaxy Digital are also included in the list of large holders. Galaxy’s CEO, Mike Novogratz, has praised Solana’s (SOL) exceptional speed, suggesting that the technology could support the next generation of global markets.
Read also: Base Ready to Launch Network Token, a New Revolution in Ethereum Layer-2!
Investor sentiment towards Solana (SOL) is very bullish yet realistic. Ted Pillows, a crypto investor, projects a potential price increase to $1,000 in this cycle, driven by strong institutional inflows and on-chain activity.
Meanwhile, on-chain analyst Ali Martinez targets a near-term price of around $360, reflecting optimism balanced with market realities. Traders are currently watching the Solana (SOL) resistance zone between $240-$250.
If it manages to break through, it could trigger fresh momentum, while maintaining support in the $220-$230 range will be crucial to avoid a short-term price drawdown.
With institutional adoption on the rise and large corporations locking in supply, Solana (SOL) is quickly becoming the altcoin of choice for large enterprises. If this momentum holds, Solana (SOL) may be setting itself up for the next big crypto rally.
That’s the latest information about crypto. Follow us on Google News to get the latest crypto news about crypto projects and blockchain technology. Also, learn crypto from scratch with complete discussion through Pintu Academy and stay up-to-date with the latest crypto market such as bitcoin price today, xrp coin price today, dogecoin and other crypto asset prices through Pintu Market.
Enjoy an easy and secure crypto trading experience by downloading Pintu crypto app via Google Play Store or App Store now. Also, get a web trading experience with various advanced trading tools such as pro charting, various types of order types, and portfolio tracker only at Pintu Pro.
*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
Reference