- Solana leads Polkadot, Cardano, XRP and other altcoins with $6.1 million in institutional capital inflows last week, data from Coinshares shows.
- Digital asset investment products noted $862 million in inflows, with Bitcoin leading and only $18.3 million directed towards altcoins.
- Solana’s price lost nearly 6% on the day as on-chain activity declines after the spike seen in the last week of March.
Solana’s (SOL) price falls sharply on Tuesday, influenced by the steep decline in Bitcoin prices, even though the altcoin registered $6.1 million in inflows from institutional investors last week. While the recent meme coin frenzy may have benefited Solana and attracted capital last week, a recent drop in on-chain activity and a slowdown in inflows could be behind the recent price decline.
Solana leads recovery in institutional capital inflow
Data from European alternative asset manager CoinShares, shows that…
