Whales pump $421M into Solana – So why didn’t SOL’s price move?
Rising inflows, softer costs
Latest knowledge reveals that Solana ETF inflows remained persistently robust all through the previous week, with two notable spikes of roughly $70 million every. This pushed complete ETF internet belongings above $500 million. However value didn’t comply with the identical path.
SOL hovered close to $164 and truly trended barely decrease by way of the identical interval.
Supply: SoSoValue
On the identical time, DeFiLlama knowledge reveals Solana’s TVL sitting at $10.59 billion, down about 3% in 24 hours. So, maybe capital is getting into through ETFs sooner than on-chain markets can mirror.
Supply: DeFiLlama
Large cash is positioning even whereas retail demand cools.
Technicals lean bearish
Solana’s every day chart confirmed value slipping to round $159 at press time, with sellers nonetheless in management. EMA traces remained stacked above value, displaying continued draw back strain. RSI was near oversold territory.
Capital flows have been additionally unfavorable, with CMF beneath zero.
Supply: TradingView
Regardless of the large inflows into Solana ETFs, spot merchants usually are not but reversing the pattern. Technicals are telling a special story than the flows: whales are accumulating, however the broader market nonetheless hasn’t adopted.
If the RSI drops additional, a short-term aid bounce could happen, however for now, momentum stays weak.
