Solana’s quiet takeover – Can SOL profit from the FUD around Ethereum?
Nothing out there proper now could be simply “coincidence.”
Volatility is hitting threat property laborious. After three days of outflows pushed main top-cap property beneath key assist, the market noticed a pointy single-day transfer of over 10% on 06 February. This caught many off guard.
In this type of atmosphere, buyers are naturally cautious, relying extra on knowledge than luck. So, when Solana [SOL] begins outpacing Ethereum [ETH] throughout key metrics, it clearly alerts extra than simply short-term momentum.
Supply: DeFiLlama
One instance is perpetuals buying and selling quantity. Solana lately posted $12.1 billion in comparison with Ethereum’s $9.6 billion, roughly 26% larger. Greater perps quantity right here implies stronger buying and selling exercise and market curiosity.
Backing this momentum, Solana’s institutional FUD is relatively lighter, with ETFs posting about $18 million in internet outflows over the previous three days, in comparison with Ethereum’s $180 million over the identical interval.
In the meantime, on the DeFi facet, the divergence is obvious – Solana’s stablecoin market is up 8.5% this week, whereas Ethereum’s is sort of flat at 0.2%. The previous has been fueled by $2.75 billion in USDC minted on Solana over the identical interval.
Collectively, these metrics could also be proof of rising exercise rotating in the direction of SOL. Nevertheless, as AMBCrypto famous beforehand, within the present market, nothing occurs by likelihood. So, may this rotation be an indication of one thing deeper?
Solana positive aspects traction as SOL/ETH holds close to assist
For Ethereum, the previous few days have been tough.
As LookOnChain flagged, Development Analysis has almost bought all of its ETH. They withdrew 792,532 ETH at $3,267, and later deposited 772,865 ETH again to Binance at $2,326, leading to a complete lack of roughly $747 million.
On this context, the SOL/ETH ratio buying and selling in a decent vary close to the assist begins to make sense. On the time of writing, the ratio was round 0.04 – A degree that sparked a 35% rebound through the Q3 2025 rally. Therefore, this might allude to comparable upside potential.
Supply: TradingView (SOL/ETH)
Couple this with Solana outperforming Ethereum across key metrics and the continuing FUD round ETH as massive gamers offload their holdings, and the setup appears to be like like a possible rotation of capital in the direction of SOL.
Briefly, the SOL/ETH ratio chopping sideways isn’t only a “coincidence.”
As a substitute, if this pattern holds over the following few days, it may set the stage for one more SOL rally. This might contain rotational flows, sturdy on-chain exercise, and market sentiment, making Solana a comparatively engaging risk-reward play.
Ultimate Ideas
- Solana is outperforming Ethereum throughout key metrics, indicating rising capital rotation in the direction of SOL.
- The SOL/ETH ratio has been holding close to 0.04 – A traditionally sturdy assist degree.
