Solana Flips XRP as Weekly Digital Investment Inflows Hit $3.3 Billion

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So, guess what? Ripple‘s beloved XRP, the one that’s been clinging to its 80-week inflow streak like a toddler to their favorite toy, finally decided to take a break. And by break, I mean it ended up with a whopping outflow of $37.2 million. Oops! 😬

Meanwhile, Solana, the cool kid on the block, strutted in with its $150.7 price tag and said, “Hold my drink!” as it outperformed XRP. With a 24-hour volatility of 2.6% and a market cap of $78.04 billion, Solana is basically the life of the party. 🎉

Now, let’s talk about the broader crypto market, which raked in about $3.3 billion in inflows. XRP? Not so much. It’s like that one friend who always shows up empty-handed to dinner parties. 🙄

Details of the Digital Asset Fund Flows Weekly Report

In a shocking twist, the digital asset ecosystem has extended its six-week streak to a jaw-dropping $10.5 billion. Yes, you heard that right! And the Year-to-date (YTD) inflows? A record-breaking $10.8 billion. Investors are clearly seeking refuge in digital currencies, probably because they’re tired of the drama in the real world. 🏃‍♂️💨

But wait, there’s more! The total Assets Under Management (AUM) hit an all-time high of $187.5 billion. It’s like a financial buffet, and everyone’s piling their plates high! 🍽️

Now, let’s not forget the geographical drama. The US led the inflows, likely because the government decided to play nice. Meanwhile, Canada was over there like, “Can I get a little love too?” with the least inflows. Sorry, Canada! 😢

Here’s the breakdown: The US brought in $3.2 billion, Germany $41.5 million, Australia $10.9 million, Hong Kong $33.3 million, and Canada a measly $100,000. Yikes!

Bitcoin, the granddaddy of them all, led the charge with $2.9 billion in inflows, making up a quarter of total inflows for 2024. Ethereum followed, trying to keep up with $326.2 million. And then there were Short Bitcoin products, which somehow managed to attract $12.7 million. Solana? Just a casual $4.3 million. No biggie! 😏

Amidst all this excitement, XRP was busy having a meltdown with its significant outflow of $37.3 million. Talk about a bad day at the office!

SOL Price and Overall Market Performance

But here’s the kicker: Solana’s price is on the rise, trading at $177.22 with a 3.34% increase in the last 24 hours. It’s like watching a phoenix rise from the ashes! 🔥

And guess what? Kraken, the US-based cryptocurrency exchange, is teaming up with Solana to offer tokenized US equities. They’re launching xStocksFi, and it’s going to be fabulous! 💃

Meanwhile, OKX is teasing a wrapped version of BTC, xBTC, on Solana. It’s like a crypto party, and everyone’s invited! 🎊

Analysts are buzzing with optimism. One, Ali Martinez, noted that SOL has been trading within a clear upward channel since May 12. He’s predicting it could test the upper boundary near $210 soon. Fingers crossed! 🤞

And crypto trader Jelle is feeling bullish too, predicting SOL will soar above $400 once it clears the $250 resistance level. Let’s hope he’s right, because I could use a little extra cash for my next avocado toast! 🥑

It’s a good thing I still own a bunch of $SOL.

Once it clears $250, I doubt it stops before it hits $400-$500.

All the weak hands have been shaken out.

Time to reap the rewards.

— Jelle (@CryptoJelleNL) May 22, 2025

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2025-05-26 22:55