{"id":27110,"date":"2025-05-16T10:01:47","date_gmt":"2025-05-16T10:01:47","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=27110"},"modified":"2025-05-16T10:01:47","modified_gmt":"2025-05-16T10:01:47","slug":"solana-demand-returns-sol-realized-cap-now-growing-at-same-rate-as-xrps","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=27110","title":{"rendered":"Solana Demand Returns: SOL Realized Cap Now Growing At Same Rate As XRP\u2019s"},"content":{"rendered":"
\n

On-chain data shows Solana has seen a capital flow reversal recently as the asset is now receiving inflows at the same rate as XRP.<\/p>\n

Solana Realized Cap Now Growing At A Monthly Rate Around 4%<\/h2>\n

In a new post<\/a> on X, the on-chain analytics firm Glassnode has talked about how the trend in the Realized Cap has changed for Solana recently. The \u201cRealized Cap<\/a>\u201d here refers to a capitalization model that calculates the total value of a given cryptocurrency by assuming the \u2018real\u2019 value of each individual token to be the same as its last transaction price.<\/p>\n

The last transfer of any coin is likely to represent the last point it changed hands, so the price at its time could be considered as its current cost basis<\/a>. Thus, the Realized Cap is nothing, but the sum of the cost bases of the asset\u2019s circulating supply.<\/p>\n

In other words, the model tells us about the total amount of capital that the investors or addresses on the network as a whole used to put together their holdings. As such, changes in the Realized Cap signify capital inflows or outflows, depending on the direction of the change.<\/p>\n

Now, here is the chart for the indicator shared by the analytics firm that shows how the 30-day percentage change in it has compared between Solana and XRP during the last few months:<\/p>\n

\"Solana<\/p>\n

As displayed in the above graph, the 30-day change for both Solana and XRP declined earlier in the year as a market-wide downturn<\/a> took hold, but for the latter, it still mostly remained inside the positive territory.<\/p>\n

SOL wasn\u2019t so lucky, as the indicator turned negative and stayed inside the territory for a couple of months, indicating that investors were consistently taking capital out of the cryptocurrency.<\/p>\n

Recently, though, a flip appears to have again taken place for the network, as the 30-day change in the Realized Cap has surged back into the positive zone. Inflows are coming into the asset at a rate of 4-5% for the coin now, which is in line with what XRP is witnessing as well.<\/p>\n

Thus, it seems that while demand for the Solana ecosystem went away for a while, it has finally made a potential return, one big enough to rival XRP.<\/p>\n

SOL Price<\/h2>\n

Solana saw a break beyond the $180 mark earlier in the week, but it appears the coin has since suffered a pullback as its price is now back at $170.<\/p>\n

\"Solana<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

On-chain data shows Solana has seen a capital flow reversal recently as the asset is now receiving inflows at the same rate as XRP. Solana Realized Cap Now Growing At A Monthly Rate Around 4% In a new post on X, the on-chain analytics firm Glassnode has talked about how the trend in the Realized […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-27110","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/27110","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=27110"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/27110\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=27110"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=27110"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=27110"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}