🐋Whales bought $SOL 6, 8 trillion IDR, but the price dropped -20%. What is happening?
The price of Solana decreased -20% to $167 despite the company just launching the world's first spot ETF. In fact, large investors have actually bought in, with a total inflow of $421 million, the second-highest in Solana's history.
The Bitwise BSOL ETF is the most popular fund with new capital of $199 million, even surpassing BlackRock's Bitcoin ETF. Although investor interest is increasing, the market remains weak; why is the price of Solana still falling?
SOL
103.07
-0.35%