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Crypto

Solana Treads Water as Market Structure Remains Neutral

Guavy AI Editorial Team
Instruments
SOL
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Solana's market cap stands at $44.41 billion as of August 12th, while the overall crypto market capitalization is at $2.18 trillion.

MoneyGram has expanded its crypto cash ramps to include Solana, a move that could potentially boost adoption and usage of the network.

However, there are some potential headwinds for Solana as unstaked tokens from FTX-linked wallets may put pressure on prices. Additionally, while Solana ETFs have seen $8.8 million in net inflows, this could be seen as a mixed signal given the overall market's neutral structure.

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