Solana Eyes Recovery as Investors Quitely Accumulate $345 Million Worth of SOL

Solana (SOL) is showing signs of potential recovery after a recent dip, with on-chain and institutional data suggesting investors are positioning for a rebound toward year-end or early January. A key development is the introduction of on-chain "Creator ETFs" on the Solana blockchain, which could boost network activity and demand for SOL. Furthermore, exchange balance data reveals that investors have accumulated approximately 2.65 million SOL, valued at $345 million, over the last 10 days, indicating assets are moving into self-custody and reducing immediate sell pressure. Institutional interest remains strong, with CoinShares reporting $48.5 million in inflows for the week ending December 20. Trading near $124, SOL needs to break above $126 resistance to confirm recovery, with $136 being the next major upside target; however, a drop below $123 could signal further weakness.

(Source：BeInCrypto)