Solana Price Prediction: Only $1.2 Million in ETF Outflows, Even Though Holders Are Under Water

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.Analysis: Solana fell 6.5 percent on Thursday, yet only $1.18 million left the US spot ETFs. Investors have paid in $1.467 billion since launch, while the funds' holdings are now worth $1.333 billion.ETF investors are holding on to their Solana shares even though the price has been falling since October.Add as a preferred source on GoogleFollow on Google News What is documented: the US spot ETFs on Solana lost a net $1.18 million on Thursday, November 5, even though the price fell 6.5 percent that day and briefly slipped below the 200-day line. At the same time, the value of all fund holdings, at $1.333 billion, is around $134 million below what investors have paid in net since launch. Our assessment follows further down: investors who do not sell despite a paper loss form a quiet base under the price, and that base is about to be tested in the coming days. On Friday afternoon Solana trades at $91.12, or €81.76, according to data from CoinGecko. The daily low was $88.35 and the ...