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Solana Approaches Key Breakout Level Amid Weak Sentiment and Mixed Engagement Dynamics

  • On May 15, 2025, Glassnode reported that Solana shows a trend reversal with 30-day capital inflows turning positive after months of outflows.
  • This shift follows a period of heavy outflows amid a broader crypto market downturn influenced by Bitcoin's stalled dominance and a Coinbase security breach.
  • Solana's inflows are growing at about 4–5%, matching XRP's growth rate, yet the token fell 4% over 24 hours to around $167 amidst overall market pressure.
  • CEO Brian Armstrong confirmed hackers exploited Coinbase systems, demanding $20 million in Bitcoin ransom, which the exchange refuses to pay while pursuing legal action.
  • The positive inflows indicate renewed investor interest in Solana, but near-term price gains remain uncertain due to ongoing market volatility and concentrated Bitcoin capital.
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Bitcoin Insider broke the news in on Thursday, May 15, 2025.
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