$SOL
🔥 Solana’s funds exploded! It attracted more than 97 million US dollars in the past 24 hours!
Solana’s operation is really fierce. According to SolanaFloor data, in the past 24 hours alone, it has attracted more than 97 million US dollars in capital inflows from other chains, of which more than 50 million US dollars came from Ethereum. what does that mean? Where the money is, the popularity is there, and Solana's market performance is obviously gaining recognition from more players.
Why is there this wave of capital inflow?
1️⃣ Low transaction fee attraction: Compared with Ethereum’s high gas fee, Solana’s advantages in transaction costs are obvious. For large funds, this is an excellent choice to reduce costs.
2️⃣ Increased activity in NFT and DeFi: Solana’s layout in the NFT and DeFi ecosystem has recently made significant progress, attracting many projects and players from the Ethereum ecosystem.
3️⃣ Multiple good news: Solana’s recent official announcement of a series of upgrade plans, as well as the strong entry of some big players, have become important reasons for the influx of funds.
What to watch next?
Solana’s wave of capital inflows may herald a new round of ecological explosion. In the short term, SOL prices may have an upward trend, and market sentiment is very optimistic. But don’t forget that capital inflow may also cause short-term bubbles, so when participating, it is recommended that you still control your risks.
my suggestion
1️⃣ Enter the market in batches and control positions: When emotions are high, make arrangements in batches. Don’t go all-in at once. Leave yourself some space.
2️⃣ Pay attention to ecological projects: In addition to the SOL main currency, high-quality DeFi and NFT projects in the Solana ecosystem are also worth digging into, such as Marinade, Magic Eden and other platforms, which may benefit from the increase in ecological popularity.
3️⃣ Stay cautious and wait-and-see: Although capital inflow is a good thing, the market may overreact in the short term, so you may wish to wait for a correction before planning.
Whether Solana can take over the bull market banner will be a test this time. If you are a believer in Solana, now may be a good time to have a deeper understanding and layout💪