Solana Is Making Crypto Markets Turn
👉After a downfall marked by a massive capital outflow, the network is witnessing an unexpected return of funds. Nearly 120 million dollars have been transferred to its ecosystem in one month. This trend reversal intrigues analysts and awakens speculation about a recovery of
$SOL , its native token.
👉While some see it as a strong signal of renewed confidence, others remain cautious facing a still fragile market structure. What is really behind this renewed interest?
👉Over the past thirty days, cross-chain bridges have seen more than 120 million dollars of liquidity flow into Solana, according to De-bridge data. These funds come from several major blockchains, with Ethereum leading the way.
👉Specifically, 41.5 million comes from Ethereum, 37.3 million from Arbitrum, 16 million from Base, 14 million from BNB Chain, and 6.6 million from the Sonic network. This trend reversal is notable.
👉It should be noted that these figures come in a post-crisis context, where the network had seen $485 million of capital flee to
$ETH and
$BNB Chain, a direct consequence of the fiasco surrounding the LIBRA memecoin in Argentina.
👉Lucas Outumuro, head of research at Into The Block, comments on this return of capital as “a significant recovery of confidence in the Solana ecosystem, especially after last month’s shock“.
👉This movement is also fueled by the rise of several native memecoins of the network, which rekindle speculative interest in the Solana ecosystem. Over the last seven days, several assets have stood out with notable performances :
✌️POPCAT : +79 %
✌️FARTCOIN : +51 %
✌️BONK : +25 %
✌️WIF (dogwifhat) : +21 %
👉Crypto users are clearly seeking to capitalize on this speculative euphoria, which tends to revive interest around the blockchain.
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