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ZyCrypto 2025-01-16 19:46:26

Crypto Traders Tip Solana Price Explosion as Institutional Funds Soar Amid Red Alert

Crypto assets faced a bumpy ride over the last seven days, resulting in huge outflows in institutional and retail markets. Like Bitcoin (BTC) and Ethereum (ETH), Solana was among the affected assets that recorded negative weekly figures after showing signs of a bullish uptick. Despite these exits, a spark in Solana’s institutional demand has ignited explosive optimism in bulls. Solana Records Weekly Fund Inflows Solana turned the tide in a week that saw most altcoins in the red zone, holding on to weekly inflows. A new CoinShares Weekly Fund Flows Report shows crypto assets saw a modest $48 million inflows last week, a sharp decline from previous positions. Amid massive whale exits, the total crypto market cap slumped 7%, with billions liquidated within days. Solana proved its status as an institutional investor favorite, recording slight gains. Last year, the asset picked up consecutive gains as anticipation for spot ETFs grew in the United States. According to CoinShares, SOL notched a $15 million net flow to its funds, recovering monthly gains to $14 million. At the time of writing, total assets under management (AUM) surpassed $1.59 billion. Most traders view these gains as a catalyst for SOL demand. Notably, Solana rebounds faster than the wider market, leading to projections of explosive gains in the next bull peak. In the last 24 hours, crypto prices have gained momentum as most on-chain metrics flipped green. SOL trades at $212, moving up over 5% and recovering weekly outflows. Cardano (ADA) also notched swift gains as participants leveraged intraday trading to open new positions. The community dubbed ETH killer exchanges hands at $1.13, gaining 5.7% today. Ethereum Woes Continue Ethereum (ETH) lagged amid slight gains recorded on the institutional front in many altcoins. ETH saw $255 million in outflows in one week, changing the dynamics of Bitcoin and other assets. Ethereum loss comes as whales dump the asset to gauge little gains. After the ETH price fell below $3,300, several large holders heightened sell pressure, lowering sentiments. Overall, the market saw large outflows towards the end of the week due to macroeconomic factors. “ Although nearly US$1 billion poured in during the first half of the week, the release of new macroeconomic data and the US Federal Reserve’s minutes which pointed to a stronger US economy and a more hawkish Fed led to outflows of US$940 million in the latter half. This suggests that the post-US election honeymoon is over, and macroeconomic data is once again a key driver of asset prices,” CoinShares wrote.

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