Solana

• Persistent spot Solana ETF redemptions weakened institutional demand and market sentiment. • Derivatives deleveraging and forced long liquidations accelerated short-term downward price momentum. • Technical indicators showed a MACD sell signal and oversold Williams %R conditions.

Institutional demand for altcoins is weak in the near term. Solana-focused ETFs record $5.66 million in outflows on Wednesday, after over $19 million and $8 million in outflows earlier this week, bringing the total to $33.04 million.

• Solana faced downside pressure due to global risk-off tone and ETF outflows. • On-chain metrics showed moderated trading volumes, fee generation, and total value locked. • Technical indicators like MACD and Williams %R suggested sell conditions.

• Capital returned to Solana amid stable macroeconomic sentiment and Federal Reserve policy expectations. • Network adoption expanded through tokenized credit growth and Circle stablecoin minting activity. • Technical indicators show a MACD sell signal and neutral RSI conditions.

• Cautious market sentiment and macro risk aversion pressured Solana. • Significant whale distribution transferred large token volumes to exchanges. • Aggressive spot selling and long liquidations accelerated downward momentum.

Top altcoins, including Ripple (XRP), Cardano (ADA), and Solana (SOL), face intense selling pressure, extending losses from the previous week. XRP tests the $1.2941 support floor, while ADA risks deeper losses and SOL struggles near the $100 mark.