Solana's Realized Cap Inflows Turn Positive at 4-5%

Solana (SOL) has begun to experience a return of capital after several weeks of outflows. According to Glassnode data, SOL's 30-day realized cap inflows have shifted back into positive territory, growing at a rate of 4–5%. This growth rate is comparable to that of XRP, another prominent cryptocurrency.

While the current inflows are relatively modest compared to the frenzied periods observed in December and January, this trend reversal is significant. It follows a prolonged stretch of realized losses and capital outflows, which reflected investor exits and waning conviction in the asset.

Realized cap inflow is a metric used to measure the actual capital entering or exiting an asset, based on the USD value of coins as they last moved on-chain. This metric filters out noise from speculative price spikes and instead tracks where holders are actually deploying their capital. For Solana, the return to positive realized cap inflows could indicate that buy-side pressure is finally returning, even if the price action has not yet fully reflected this change.

Inflows into realized cap often serve as a leading indicator, suggesting that some traders are positioning ahead of a potential bounce. At the very least, it signals that the phase of capitulation has run its course. This early sign of recovery in on-chain demand for Solana could be a positive indicator for the cryptocurrency's future performance.