Solana (SOL) rebounded toward the $89 level on Wednesday ET, extending a short-term recovery that traders are increasingly linking to a sharp jump in on-chain usage and a steady drumbeat of 'institutional demand' via listed products. Data cited by market trackers showed SOL changing hands around $88.90, up about 4.6% over the prior 24 hours, after adding roughly 1.8% in the preceding 12-hour window.
Capital is returning to crypto investment products. After a week of strong outflows, ETPs recorded inflows of 224 million dollars.