Is Solana’s Downward Trend Ending? Positive Inflows May Indicate a Turnaround

Solana (SOL) is experiencing losses as a broader market downturn, triggered by Bitcoin’s recent drop below 103,000, pushes crypto prices down. However, Glassnode data suggests Solana may be signaling a shift in its declining trend. This comes after months of outflows for the network’s realized cap, and positive inflows are returning. In spite of the losses that currently stand at around 8% to $171.02, the digital asset is seeing an increase in demand from investors.