Institutional Investment Into Crypto Currency Has Sparked Buying Sentiment Toward Altcoins Such As Solana, XRP And This DeFi Integrated Meme Coin
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…
