Solana (SOL), which gained 77% in value in thirty days, receives support from cryptocurrency exchanges, especially in the USA.
According to the information shared by the analysis firm Kaiko, Solana bulls, Intense pressure on Coinbase created. Coinbase users since October 18 They purchased a net 2.2 million SOL.
While Binance and Kraken lag behind Coinbase, the cumulative volume delta on Binance, (CVD) as of the beginning of this month to 1.9 million reached.
Upbit, South Korea’s largest cryptocurrency exchange, witnessed a trend in the opposite direction. Upbit users are on the market net 4 million SOL they sold.
The CVD metric shows how the buying and selling volumes of a particular currency change against each other over time. Getting positive numbers in the metric an excess in purchasing volume; Obtaining negative numbers indicates that there is an excess in the opposite direction.
Kaiko analyst Riyad Carey said the median size of transactions on Coinbase compared to other exchanges that there is more drew attention. This is for Solana There is an institutional demand It may show.
VanEck, which manages assets of more than 70 billion dollars, said in its research report published last month that Solana price could increase by 2030. It can reach the level of $ 3,211 he predicted.
The Rise in Solana (SOL) Continues: Have Corporates Stepped In? The article titled was prepared by Selim Kuşçu and published on koinbulteni.com.