Solana Hits Six-Month High, Despite Outflows from Investors

Solana’s price surged to a six-month high near $216 this week, defying recent outflows of over $432 million in cryptocurrency. The rise reflects a 16% weekly gain for SOL, fueled by increasing DeFi applications and institutional investment, but long-term holders are also selling off profits. This surge comes as social media sentiment around Solana reaches an 11-week high with more positive comments than negative ones.