Solana ETFs saw nearly $9 million in inflows this past week, boosting total assets to $1 billion. Network usage surged 64% with transaction volumes rising from 466 million to 765 million. Wall Street’s continued interest in SOL suggests potential undervaluation despite recent price drops.
Exchange-traded funds (ETFs) linked to SOL have continued to see net inflows despite the token’s latest retreat. Wall Street appears to have a bullish price prediction for Solana, even though the price action favors bears.
The question is, what do they know?
Data from SoSoValue indicates that Solana’s ETFs have raised nearly $9 million this past week, bringing the total assets held in these funds to $1 billion.
Interestingly, on-chain data shows that Solana’s network usage has been steadily increasing since the last week of December.
Transaction volumes have increased from 466 million back then to 765 million as of last week, meaning a 64% jump.
Wall Street may have noticed this uptick in usage and could be rooting for a recovery.
Solana just dropped below a key trend line support while it also lost the $120 level – a strong demand zone from which the price had bounced multiple times previously.
However, Wall Street’s persistent interest in the token shows that SOL could be undervalued.
To make a strong comeback, SOL would need to recapture the $125 area. If ETF inflows keep rising, that could be an early signal that bulls are not done yet.
A breakout above $125 could be the spark that sends SOL surging toward $150 and even $200 if it clears the 200-day EMA.
But if the market turns against it, a sharp move down to $97 remains on the table.
While traders watch closely, institutional capital may already be shifting focus toward the next big opportunity in the ecosystem, and Bitcoin Hyper ($HYPER) is leading that charge.
With over $30 million raised so far, this ambitious presale is closing in on its mission to launch the first real Bitcoin layer-two chain, combining Solana’s speed with Bitcoin’s reach.
BTC is famous for its security, but its slow speeds and high fees prevent its DeFi ecosystem from further growing.
Bitcoin Hyper ($HYPER) is the first layer 2 solution designed to solve these problems by tapping into Solana’s lightning-fast blockchain.
Instead of waiting minutes for a transaction to clear, users will now enjoy near-instant transfers with tiny fees through the Hyper L2.
This L2 aims to make Bitcoin “programmable”, so it can finally support smart contracts, decentralized apps, and a whole new ecosystem of decentralized finance.
The market has already taken notice of $HYPER’s potential, as the token has raised over $31 million in the ongoing presale.
$HYPER will power everything from DeFi to meme coin launchpads, creating a strong source of demand for the token as the L2 ecosystem keeps growing.
To get $HYPER at the current presale price, visit the official website and link your wallet, such as Best Wallet.
You can swap USDT, ETH, or use a bank card to complete your purchase in seconds.
