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.
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.
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:
SOL wasn’t 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.
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.
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.
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.
