Wednesday’s netflow provides “substantial momentum to potentially break Solana’s recently subdued trend,” Lacie Zhang, market analyst at Bitget Wallet, told Decrypt, adding that it “coincides with broader market recovery and could propel prices toward $150 if sustained.”
Sustained ETF demand would signal increasing institutional confidence in Solana's robust ecosystem, she added, highlighting the project’s scalability and real-world utility.
A muted outlook for altcoinsYet Otychenko cautions that these bright spots exist against a backdrop of broader network pressure.
He highlighted declines in Solana’s overall DEX trading volume, transaction activity, and total app revenue in recent months. “As a result, while certain applications are growing, the network as a whole remains under pressure.”
Considering the crypto market’s recent growth, Zhang noted that “any perceived lag may stem from temporary market volatility; this disconnect often precedes bullish breakouts, underscoring the network's undervalued potential for future gains.”
