Solana’s On-Chain Strength Contrasts with Price Decline: Is Continued Downside Possible Against Ethereum?
Main Idea
Solana's on-chain metrics show strength with a 2.67% increase in Total Value Locked (TVL), but its price has declined nearly 10% this week, highlighting a divergence between fundamentals and market performance.
Key Points
1. Solana's TVL increased by 2.67% in the last 24 hours, indicating strong on-chain activity.
2. Despite robust fundamentals, SOL's price dropped nearly 10% this week, underperforming compared to Ethereum.
3. Institutional investors increased SOL exposure by 91% month-over-month, but Solana's price only rose 11.57%, while Ethereum surged 48.76%.
4. The SOL/ETH ratio declined by 25%, marking its worst monthly performance since 2022, as institutional flows favored Ethereum.
5. Ethereum's stronger ROI and increasing wallets holding over 10k ETH contrast with Solana's declining institutional interest.
Description
Are You Chasing New Coins? Catch the newest crypto opportunities. Be the first to buy, be the first to win! Click here to discover new altcoins! Solana’s on-chain metrics
Latest News
- Ethereum Whale Increases Short Position, Raising Concerns Over Market Volatility and Liquidation Risks2025-08-06 04:12:37
- MoonBull Whitelist: A Potential Opportunity for Early Investors Following Dogecoin’s Legacy in 20252025-08-06 03:53:39
- Bitcoin Price Falls Below $113,000 Amid Whale Sell-offs and Market Volatility Concerns2025-08-06 03:41:05
- Bitcoin’s Recent Decline Sparks Debate on Altcoin Season Amid Market Consolidation Possibilities2025-08-06 03:37:51
- Ethereum Surges Past $3,700 Amid Increased Whale Activity and Institutional Interest Despite Market Challenges2025-08-06 03:25:34