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5
min read ▪ by
The color green is taking over the crypto market. Bitcoin and Ethereum are teething. Altcoins are moving behind them. Solana performs with rare elegance. The asset benefits from an unexpected confluence of bullish factors. Between regulatory clarity from Washington and record institutional flows, next-generation blockchain ticks all the boxes. A look back at three reasons to believe.
In short
- The SEC has classified Solana as a “digital commodity,” eliminating any risk of lawsuits.
- Solana ETFs saw inflows of $17.81 million on the day of the announcement.
- Cumulative inflows into the Solana ETF now approach $1 trillion.
- Ali Martinez reveals an accumulation of 76 million SOL between $85 and $82.
The main regulatory turning point that puts Solana on the right path
First, it’s Tuesday March 17th that started it all. SEC and CFTC Drop a Bombshell: Solana is Officially Becoming a “Digital Commodity.” A digital commodity like bitcoin and ethereum. No more risk of lawsuits, no more dangling sword of Damocles.
Institutional investors, watching from afar as they gnawed their nails, suddenly got the green light. Evidence? The numbers came right after. Solana ETFs had their best day in two weeks: $17.81 million in net inflows on March 17.
On X, the observer sums up the general feeling:
Institutional hands are clearly piling up. With a record inflow of $17.81 million in a single day, bringing the total to over 989 million, we are witnessing a massive divergence between TVL/stablecoin dominance and price.
Afeez Ishola
The machine can start and will not hold back.
Almost a billion has accumulated in silence, the price has not yet followed
Furthermore, the numbers are staggering. Cumulative inflows into the Solana ETF now approach one trillion dollars. Exactly 989 million, just before the symbolic threshold. Five consecutive weeks of positive collections, despite prevailing volatility.
Still, the price remains surprisingly calm, around $90. On X, this paradox is challenged by the community. The analyst explains:
Institutions patiently establish a position while the majority of opinion thinks otherwise. The indirect offer is absorbed silently and the price remains disconnected from the underlying belief. When sentiment changes or a real catalyst comes along, the move can be sharp and fast.
Paulo Koba
The famous “smart money” is quietly preparing the ground. It patiently absorbs the remaining stock and waits for the stragglers to jump on board.
The ceiling is thinner than the floor: technical analysis that whets the appetite
Then there’s what Ali Martinez found in his charts. The SuperTrend indicator switches to buy mode for the first time since January. On the blockchain, 76 million SOL changed hands between $85 and $82. Thirty-eight days of accumulation that drained sales liquidity.
Martinez throws out a formula that hits: “ With such a thin supply above, Solana has a clear path to $100 and then $115… The “ceiling” is significantly thinner than the current floor”.
He also points out that Solana just took back $93.14, turning the former distribution area into structural support. If this level holds, he warns, the rally could come “a lot faster than people think.”
The door is open, now you just have to push it wide open.
Solana in numbers: the lights turn green
- $989 million: Cumulative inflows into Solana ETF, just short of a billion;
- 17.81 million: a daily record registered on March 17, just after the SEC announcement;
- 38 days: duration of accumulation between 85 and 82 dollars, exchanged 76 million SOL;
- $89.93: SOL price at time of writing, still below 100 but on trajectory;
- +22%: SOL’s performance since its March lows.
Solana isn’t the only one benefiting from this revival. XRP, another famous altcoin, is also making headlines. Recently, Ripple’s assets crushed BNB to become the fourth largest cryptocurrency by market capitalization. Green is asserting itself on all fronts. It remains to be seen if this color will go the distance or just be a flash in the pan. But the signals are green.
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The blockchain and crypto revolution is in full swing! And on the day the effects are felt by the most vulnerable economy in this world, I will say against all hope that I had something to do with it
DISCLAIMER OF LIABILITY
The views, thoughts and opinions expressed in this article are solely those of the author and should not be taken as investment advice. Before making any investment decision, do your own research.
