Solana (SOL) experienced an impressive 32% price increase over the past week, surpassing $30 and bringing its total 2023 gains to 213%, with net inflows for the year at $74 million.
Solana’s investment products have attracted $15.5 million in inflows in the last week, outshining Bitcoin and pulling focus from Ethereum.
Over the weekend, Solana (SOL), a formidable competitor to Ethereum’s Layer-1, saw its price ascend beyond the $30 mark. As of the current market status, SOL is enjoying a 5.15% increase, trading at $30.16, with a market capitalization standing at $12.56 billion.
Inflows on the Rise: A Sign of Investor Confidence
The previous week witnessed Solana’s price making a remarkable 32% leap. During the same timeframe, investment products related to Solana attracted a substantial $15.5 million in net inflows. As a result, the year 2023 has seen Solana’s investment products amassing a total of $74 million in inflows, accounting for 47% of the total Assets under Managem
