SOL - Not Dogecoin Shiba Inu But This 'Ethereum Rival' Is The 'Most Loved Altcoin' Among Large Investors | Benzinga
Despite a significant outflow in the past seven weeks, with large institutional investors selling a total of $342 million in cryptocurrencies for the seventh consecutive week, one altcoin has managed to capture the attention and favor of large entities.
What Happened: European digital asset manager CoinShares reported that institutional investors have been actively pouring money into ‘Ethereum (CRYPTO: ETH) Rival' Solana (CRYPTO: SOL), which currently ranks as the 10th biggest cryptocurrency by market capitalization.
CoinShares revealed that over the past week, approximately $700,000 has been invested in SOL through various crypto investment providers, making "Solana the most loved altcoin" ...