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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InBloomberg data reveals that 30 major institutions invested $540 million into Solana (SOL) ETFs during the fourth quarter. Goldman Sachs has been identified as a key participant, significantly bolstering the asset's institutional credibility on Wall Street. These inflows reached 2% of Solana's market cap, a ratio that notably surpasses historical records set by Bitcoin. While the price remains stabilized around $87 with $4 billion in trading volume, new technical risks have emerged. Technical analysts are now warning of a potential price correction that could see SOL drop to the $59 level. The current market sentiment reflects a tug-of-war between robust institutional adoption and short-term technical volatility.