Funds inflows into Solana reached $120 million in a month despite bearish signs

According to Coinotag, Solana has attracted more than $120 million over the past month due to outflows from various competing blockchains. This trend comes after a period of pronounced capital outflows due to big scandals, particularly the LIBRA memcoin situation in Argentina, which hit investor sentiment. The return of liquidity is a positive sign, coinciding with a broader recovery in the meme coin market.

The surge in activity occurred after the network's fees reached a peak of $400 million in January 2025. This contrasts sharply with current figures of about $22 million. According to the portal's journalists, this raises doubts about the sustainability of the renewed interest in Solana.

At the same time, from a technical point of view, Solana is currently in a bearish trend on the daily chart, which creates obstacles for sustainable price growth. While the market participants are analyzing the situation, further volatility can be expected, Coinotag experts believe. Further interaction of Solana price with its technical indicators will play an important role in determining future price movements.