The market selloff has subsided over the past 48 hours, with Bitcoin, Ethereum, and XRP all stabilizing around key levels. SOL, Solana’s native coin, has also stabilized around the $85 level after losing 11% of its value in the last seven days. The recent bearish performance has not affected the institutional appetite, with the ETFs’ inflow still rising. Furthermore, retail interest in Solana is slowly recovering, which could push SOL’s price higher in the near term. Institutional appetite for Solana rises SOL is down by less than 1% in the last 24 hours and is now trading below $85. The bearish performance comes despite rising institutional demand for Solana funds.
Source: Read the original article
