Solana's Resilient Rally Amidst Market Volatility
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.