On September 28, Solana (SOL) demonstrated significant superiority in ETF fund inflows, surpassing XRP products. The net inflows into Solana funds amounted to $12.70 million compared to $3.96 million for XRP. This is more than 300% higher, approximately 3.2 times. The inflow trend continues.
Over the past 30 days, SOL inflows have more than doubled those of XRP: $278.20 million for Solana versus $127.05 million for XRP. Total net inflows for Solana stand at $1.62 billion, while XRP has $1.80 billion, indicating that XRP's leadership is quickly diminishing. The situation with assets under management also points to a market shift. Currently, Solana funds hold $1.93 billion, exceeding the $1.68 billion recorded for XRP. It is also worth noting that there are nine Solana ETFs, while XRP has only five. Despite XRP having a larger market capitalization of $95.47 billion compared to $70.69 billion for SOL, Solana products account for 2.72% of the token's market capitalization, significantly higher than the 1.76% for XRP.
The daily trading volume was $39.37 million for XRP and $90.43 million for Solana. The demand for assets is also reflected in price dynamics. Solana easily surpassed the 200-day moving average, reaching around $95 after climbing from about $75 in early August to approximately $119.81. Local highs were updated in September, peaking around $125. Meanwhile, the 50-day moving average is starting to diverge from the 200-day moving average, and both moving averages are rising and positioned in a bullish trend. Although the relative strength index (RSI) is currently around 60, which is not an extreme value, the latest candles indicate some cooling, with a pullback from the $125 level and decreasing trading volume. This leaves room for further growth without the asset immediately entering an overbought state.
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