SOL is once again outpacing major cryptocurrencies, trading near $211 as markets rotate into high-beta altcoins while large institutional flows reshape BTC and ETH demand.
The latest wave of activity is broad: a disclosed strategy purchased roughly $449m of Bitcoin, while firms including Metaplanet are raising capital — Metaplanet has plans to issue around $3.8bn of preferred stock to add BTC to its treasury and recently added about $112m of BTC. On the Ethereum side, BMNR bought another 17,000 ETH (about 39,000 ETH in the past week), ETHZilla plans to deploy $100m of ETH with EtherFi, and the Ethereum Foundation is preparing to sell roughly 10,000 ETH. Meanwhile, the ETH staking entry queue hit a two‑year high, highlighting renewed on‑chain demand for staking exposure.
Tokenised real-world assets (RWAs) are also heating up. SmartGold has rolled out tokenized gold vehicles worth an estimated $1.6bn for U.S. IRAs, Hong Kong’s Fosun tokenized about $328m of stocks, and platforms such as ONDO have announced support for 100+ tokenised stocks. Exchanges are expanding product suites too: Coinbase is moving toward Mag7 and broader crypto index futures, and other firms target pension and institutional distribution channels.
Why this matters: the combination of large treasury buys, renewed staking flows and a surge in tokenised RWAs points to growing institutional appetite for diversified crypto exposure — not just spot BTC, but ETH, staking yields, and tokenised traditional assets. That dynamic can amplify short-term rallies in higher-beta tokens like SOL while deepening on‑chain liquidity and product depth.
Risk awareness: Market-moving institutional trades and product launches can increase volatility. This article is informational and not investment advice — always assess your risk tolerance and do your own research.
Source: Decrypt. Read the original coverage for full details.