Data: Solana hot money skyrocketed 100% in 7 days, crypto assets generally rebounded but still below cycle highs

According to Glassnode data, Solana ($SOL) hot capital reached $9.46 billion on April 28, a new high since March 12, and increased by $4.72 billion (+ 100%) in the past 7 days. During the same period, XRP hot capital surged from $920 million to $2.17 billion, an increase of 134.9%. Despite the strong rebound, major crypto assets hot capital is still well below the cycle highs: BTC (-60.8%), ETH (-60.3%), SOL (-38.4%), XRP (-71.7%). The analysis believes that the inflow of SOL funds will provide more liquidity support for the Solana ecosystem stablecoin.