Solana's Resilient Rally Amidst Market Volatility
TL;DR Summary
Solana's SOL cryptocurrency has experienced a 50% rally in two weeks, with Coinbase being a significant source of bullish pressures, according to data from Kaiko. The cumulative volume delta (CVD) on Coinbase has increased by nearly $1 million, indicating net capital inflows. However, on-chain activity, such as the total value of assets locked in Solana-based DeFi protocols, has declined, suggesting that the recent price gains may not be justified.
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- Solana (SOL), Once Backed by SBF, Is Now Year’s Best Performing Large Token Bloomberg
- Solana Is Down 15% Since Hitting a 14-Month High. Is the Rally Over? CoinDesk
- 'We were worried about ecosystem startups' — Solana CEO on FTX collapse Cointelegraph
- View Full Coverage on Google News
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