Solana Sees Record Institutional Demand as Ecosystem Growth Booms
Solana (SOL) has seen significant institutional demand in recent weeks, with spot Exchange Traded Funds (ETFs) recording a second-highest weekly inflow of $188.22 million last week. This marks the 13th consecutive week of positive flows since early June, highlighting robust institutional demand for SOL.
In addition to this record-breaking ETF inflow, Solana's ecosystem growth has reached new heights, with stablecoin supply hitting an all-time high (ATH) of $17.3 billion and its real-world asset (RWA) ecosystem reaching a new ATH of over $4.6 billion across 3,000+ available assets.
The SOL price currently trades at $118.36, holding a bullish near-term bias as it remains comfortably above the 50-day Exponential Moving Average (EMA). The upward-sloping trendline support originating near $81.96 continues to underpin the broader advance, with constructive momentum reinforced by a positive Moving Average Convergence Divergence (MACD) histogram reading.