The worth of Solana (SOL) has soared 40% this week to set up a brand new 2023 excessive at round $58.

That’s Solana’s finest weekly efficiency since January 2023. Many elements have contributed to the beneficial properties, together with a common cryptocurrency market uptrend led by ETF euphoria and rising urge for food for danger total.

Solana (SOL) weekly worth chart. Supply: TradingView
Establishment internet flows throughout crypto funds. Supply: CoinShares
Prime cryptos 7-day and 30-day performances. Supply: Messari
Solana futures Open Curiosity. Supply: Coinglass
Solana OI-weighted funding fee fee. Supply: Coinglass
weekly worth chart. Supply: TradingView
SOL/USD weekly worth chart. Supply: TradingView