Solana products have seen $39 million in outflows as sentiment shifts
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions.
Amid this lack of interest on the Solana meme coin market, SOL-based digital investment products have also struggled. According to, these products witnessed outflows of $39 million over the last week. These outflows were the largest on record. CoinShares explained that this sharp decline is a direct result of the decreasing trading volumes of Solana meme coins, on which the network heavily relies.
The SOL price has also struggled on the market. It is currently trading at $141.43, after a decrease of 1.98% over the last 24 hours. The market cap of SOL is also down 1.99% during this time. These figures show the lack of momentum on the Solana market, a direct result of the deteriorating condition in the . It appears that the Solana meme coins will have to surge in order to push the SOL price to higher levels.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
4 Best Weekend Sales: 94%-Off Summer Staples, $39 Kate Spade Bags, and Rare Shoe DealsThe four best weekend sales are Madewell’s double-discounts on summer fashion, trending shoes at Free People, Kate Spade Outlet’s deals on designer bags, and celebrity-used beauty from Nordstrom’s Anniversary Sale.
Read more »
Meta reports $39 billion in revenue for Q2 earnings as AI spend rampsMeta’s business is continuing to print money even as it spends heavily on AI. Zuckerberg warned investors to not expect returns from the company’s investments in Llama anytime soon.
Read more »
Former Santa Cruz County treasurer sued after allegedly embezzling over $39 millionAccording to a Santa Cruz County press release, the county sued former county treasurer Elizabeth Gutfahr for allegedly embezzling at least $39,412,000 over the course of a 10-year period.
Read more »
Arizona treasurer spent $39 million in county funds to support ‘extravagant lifestyle’Political News and Conservative Analysis About Congress, the President, and the Federal Government
Read more »
More than $39 Mil in missing tax dollars, says Santa Cruz Co. lawsuitCraig Smith is KGUN 9's Southeast side reporter. Send your story ideas to Craig at craig.smithkgun9.com.
Read more »
Browns extend Jeremiah Owusu-Koramoah’s contract, 3 years, $39 million, $25M guaranteedThe Browns have extended Jeremiah Owusu-Koramoah's contract.
Read more »