Key Insights:
- $291M pumped into Solana by institutions, crypto joins top digital assets attracting investments.
- SOL price hovered near $210 (press time), analysts watching for a move toward $250.
- Crypto.com and STSS have launched a $400 million treasury deal to back Solana.
Solana drew $291 million in institutional inflows last week, the largest among digital assets.
Notably, the strong demand came as Bitcoin and Ethereum recorded heavy outflows.
Analysts tracked Solana price near $210, while a new treasury deal with Crypto.com added further support for the coin.
Solana Attracts the Largest Institutional Inflows
Solana recorded $291 million in inflows from institutional investors last week, the highest among digital assets.
The data comes from CoinShares, which tracks weekly fund flows. Overall, digital asset investment products saw $812 million in outflows during the same period.
Bitcoin and Ethereum carried most of the losses. Bitcoin faced $719 million in outflows, while Ethereum recorded $409 million.
Analysts say these moves reflect weaker sentiment in the United States. Other regions, including Switzerland, Canada, and Germany, reported inflows, suggesting the pressure is not global.
Year-to-date inflows across digital assets now stand at $39.6 billion. This is close to last year’s full-year record of $48.6 billion.
Month-to-date inflows are also strong at $4 billion. Solana’s performance stands out because it is one of the few assets gaining interest despite wider losses.
Ethereum’s inflows in September have been weak, reaching just $86.2 million. Bitcoin short products have not gained demand.
This indicates that current losses might not reflect strong bearish conviction. Solana, however, has continued to build momentum, supported by market flows and corporate activity.
Lark Davis Notes Key Levels for SOL Price Action
Market analyst Lark Davis highlights Solana’s price action at important technical levels.
He disclosed that Solana was trading close to its 50-day exponential moving average (EMA) near $209.
According to Davis, two possible paths exist. If the price getss rejected at the 50-day EMA, it could fall back toward $175.
A stronger move above $210, with confirmation near the 20-day EMA at $220, could trigger further gains.
Davis suggests that traders might consider long positions near $209 if the price holds above the moving average.
At present, Solana trades above $200, showing signs of steady support. If momentum continues, the next key target could be $250.
His analysis points to improving technical indicators. The moving average convergence divergence (MACD) histogram is curving higher, while the relative strength index (RSI) is also rising.
These trends support the view that Solana could break resistance if market conditions remain stable.
In separate news, Sharps Technology (STSS) has announced a new partnership with Crypto.com to manage its digital asset treasury.
The company holds more than $400 million in Solana and plans to deploy part of this capital into Solana-based projects.
Per the update, the agreement will use Crypto.com’s custody infrastructure and Over-the-Counter trading desk.
The goal is to provide liquidity, ensure secure management, and generate yield. The move also expands access to the Solana ecosystem through qualified custodians.
Additionally, Eric Anziani, President and Chief Operating Officer at Crypto.com, says the platform is built to meet the needs of institutions.
James Zhang, Strategic Advisor to STSS, explained that the treasury strategy is not only a balance sheet tool but also a commitment to advancing open financial systems.
The deal shows how corporate strategies are shaping demand for Solana. By linking treasury management with project funding, STSS aims to support both its portfolio and the broader network.
Market participants believe that this adds another layer to Solana’s growing presence among institutional players.
Notably, Solana’s strong inflows, steady price levels, and new treasury partnerships set it apart in a week of mixed market activity.
While Bitcoin and Ethereum face pressure from U.S. investors, Solana continues to attract support. Analysts now watch if Solana can move past $210 and target $250 in the weeks ahead.
Source: https://www.thecoinrepublic.com/2025/09/29/solana-price-eyes-250-after-291m-institutional-pump/
