Viewpoint: Although the “copycat season” has not yet arrived, institutional investors have begun to increase their holdings of SOL
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Planet Daily News: Nic Puckrin, co-founder of Coin Bureau, stated on X platform that there is still a long way to go before the so-called "Altcoin season", and the current spot trading volume of Altcoins remains lower than the levels in January 2025 and March 2024, and far below the 2021 levels. However, some institutions have started to increase their holdings of SOL before the "Altcoin season" arrives. For example, DeFi Development Corp's SOL position has exceeded $100 million, SOL Strategies has recently added over 120,000 SOL, and Solana's new developer growth has just surpassed Ethereum, with a year-on-year increase of 83%. Developers are choosing Solana, with 65% of SOL currently being staked, and open interest is also rising.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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