In accordance with Biji Network, SOL price weakness has intensified despite robust on-chain fundamentals. Analysts note that the decline is partly due to falling stock prices of related treasury companies, such as Forward Technologies Inc. and Sol Strategies Inc. However, Solana's total value locked (TVL) remains at $8.56 billion, and stablecoin market cap is near a historical high. Institutional demand is also evident, with $605 million in net inflows into SOL ETFs. Despite concerns over buyer interest, on-chain metrics and technical indicators suggest potential for a rebound.
SOL Price Weakness Intensifies Despite Strong Fundamentals
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