Institutional Momentum Drives Solana’s AUM to Record Highs
- Over $1.5 billion worth of $SOL was purchased in a few days, according to investor Ted Pillows.
- Forward Industries acquired approximately 6.82 million SOL at an average cost of $232 per token, totaling nearly $1.6 billion.
- Solana-linked ETFs and ETPs recorded $145 million in daily inflows, marking the highest on record, with total assets under management reaching $4.1 billion.
- At least 17 companies hold a combined total of over $4 billion in SOL treasury reserves, accounting for almost 3% of the total circulating supply.
- Analyst Ali Martinez forecasts a medium-term price target of $360 for SOL after it broke out from an ascending triangle formation.
The surge in institutional interest has significantly boosted Solana’s market presence and confidence among traditional investors, as evidenced by record inflows into investment products tied to the token.
With assets under management now at $4.1 billion and ongoing purchases driving demand, Solana is positioned for potential growth in the digital asset space.(Source)
