Capital Creeps Back Into Solana as On-Chain Demand Shows Early Signs of Recovery
May 15 2025 crypto
Solana (SOL) is starting to see capital flow back in after several weeks of outflows. Glassnode data shows SOL's 30-day realized cap inflows are now firmly back in positive territory, growing at a pace of 4–5%, a level that puts it on par with XRP. While the inflows are relatively modest compared to frenzied periods in December and January, the move marks a trend reversal following a prolonged stretch of realized losses and capital outflows that reflected investor exit and fading conviction. Realized cap inflow is a metric used to gauge actual capital entering or exiting an asset, based on the USD value of coins as they last moved on-chain. It filters out noise from speculative price spikes and instead tracks where holders are actually deploying capital. For Solana, that number turning green again could indicate that buy-side pressure is finally returning, even if price action hasn’t fully reflected it. Inflows into realized cap often serve as a leading indicator, suggesting some traders are positioning ahead of a potential bounce, or at the very least, a sign that capitulation has run its course.
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