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By Shaurya Malwa|Edited by Stephen Alpher
Updated May 15, 2025, 12:17 p.m. Published May 15, 2025, 12:16 p.m.
- Solana (SOL) is experiencing a return of capital inflows after several weeks of outflows, according to Glassnode data.
- The 30-day realized cap inflows for SOL are growing at a rate of 4–5%, indicating a potential trend reversal.
- Realized cap inflows suggest that buy-side pressure may be returning, even if the price action has not yet fully responded.
Solana (SOL) is starting to see capital flow back in after several weeks of outflows.
STORY CONTINUES BELOW
Glassnode data shows SOL’s 30-day realized cap inflows are now firmly back in positive territory, growing at a pace of 4–5%, a level that puts it on par with XRP.
While the inflows are relatively modest compared to frenzied periods in December and January, the move marks a trend reversal following a prolonged stretch of realized losses and capital outflows that reflected investor exit and fading conviction.
Realized cap inflow is a metric used to gauge actual capital entering or exiting an asset, based on the USD value of coins as they last moved on-chain. It filters out noise from speculative price spikes and instead tracks where holders are actually deploying capital.
For Solana, that number turning green again could indicate that buy-side pressure is finally returning, even if price action hasn’t fully reflected it.
Inflows into realized cap often serve as a leading indicator, suggesting some traders are positioning ahead of a potential bounce, or at the very least, a sign that capitulation has run its course.
Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis.
Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, SNX, RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, BANANA, ROME, BURGER, SPIRIT, and ORCA.
He provides over $1,000 to liquidity pools on Compound, Curve, SushiSwap, PancakeSwap, BurgerSwap, Orca, AnySwap, SpiritSwap, Rook Protocol, Yearn Finance, Synthetix, Harvest, Redacted Cartel, OlympusDAO, Rome, Trader Joe, and SUN.
