Solana (SOL) has recently seen significant inflows, reflecting growing interest from investors and users in its ecosystem. According to a report from KuCoin, Solana has seen over $230 million worth of stablecoin inflows in the past 24 hours, indicating increased trust in its network.
Additionally, data from Bitget showed that net stablecoin inflows to Solana have reached $2.021 billion in the past seven days, ranking it second among all public chains after Ethereum.
Despite these significant inflows, the price of SOL has seen significant volatility. In the past 24 hours, the price has dropped by 11% to around $184, indicating challenges in reclaiming the key resistance level at $200.
These developments show that Solana is attracting increasing interest from investors, especially with the increasing use of stablecoins on its network. However, the price of SOL remains volatile, requiring constant monitoring to determine future trends.