Solana network inflows surge — Will SOL price follow?

Solana network inflows surge — Will SOL price follow?

Over the past 30 days, crypto market participants have bridged more than $120 million in liquidity to Solana (SOL) from other blockchains, signaling renewed confidence in the network. Traders transferred the highest amount from Ethereum (ETH) at $41.5 million, followed by a $37.3 million influx from Arbitrum, according to data from Debridge.
Meanwhile, users on Base, BNB Chain and Sonic moved $16 million, $14 million and $6.6 million, respectively.

Total transferred amount from other chains to Solana. Source: debridge

The return of liquidity to Solana paints a stark contrast to the network’s recent challenges. Following Argentina’s LIBRA memecoin scandal, which ensnared President Javier Milei, Solana saw investors move $485 million to other blockchains like Ethereum and BNB Chain.
The current liquidity influx to Solana coincides with the return of double-digit price rallies from memecoins as POPCAT, FARTCOIN, BONK and WIF rose 79%, 51%, 25% and 21%, respectively, over the pas

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