Interest in altcoins may have waned as big crypto investors pull cash out of funds, but one coin still has them excited: Solana.
Over the past seven weeks, investors have largely withdrawn from crypto investment products, European digital asset manager CoinShares said in a Monday report.
But for the past nine weeks, institutional investors have meanwhile been plugging cash into the 10th biggest digital asset by market cap, Solana (SOL).
CoinShares said that $700,000 had been invested over the past week into SOL via crypto investment providers—making the cryptocurrency “the most loved altcoin amongst investors at present.”
And the year-to-date inflows focusing on SOL currently stand at $26 million.
In contrast, investors in the past week pulled $8.6 million out of Polygon investm
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Author: Mathew Di Salvo
Tip BTC Newswire with Cryptocurrency