Over the years, large financial institutions were among the main drivers of crypto markets. When institutions buy, prices move.

Now, institutional interest is driving rallies in Solana, XRP and a new memeFi token, Cutoshi.

Solana Sees Spike In Investments

Solana (SOL) has been a strong performer this market cycle. The high-speed blockchain has seen an increase in DeFi activity, which is attracting institutional money. In the last 30 days, Solana saw a major bull run, reaching its all-time high of $263.83. Despite this, the token has since corrected and is currently trading at $222.84.

Source: CMC

The key driver of Solana’s growth was institutional interest. In the third quarter of 2024, institutional investment in the Solana…