Capital Creeps Back Into Solana$SOL as On-Chain Demand Exhibits Early Signs of Recovery
Solana is witnessing positive realized cap inflows following weeks of bleeding, an early sign of restored market conviction
Solana$SOL (SOL) is seeing the inflow of capital back in after a few weeks of outflows, Glassnode reports.
The 30-day realized cap inflows for SOL are increasing at a rate of 4–5%, which can be seen as a trend reversal.
Realized cap inflows indicate that perhaps buy-side pressure is returning even though the price action hasn't yet fully accommodated.
Solana$SOL
(SOL) is beginning to feel capital returning following weeks of outflowsGlassnode metrics indicate that SOL's 30-day realized cap inflows are now convincingly back into positive, at a rate rising by 4–5% per period and at a rate which brings it on par with XRP.
Although inflows are modest compared to the manic conditions in December and January, the action represents a reversal of trend after a long period of realized losses and capital outflows that spooked by investor exit and dwindling conviction.