Solana (SOL) achieved remarkable results in 2023, with its value increasing by more than 100% in the first quarter alone.
By early September, its value had risen to $20.6. According to CoinShares, almost $26 million was invested into Solana funds by institutional investors since the start of the year.
Furthermore, in the past nine weeks alone, approximately $14.1 million has been made into these funds.
Looking at the Coinglass platform data, open interest for Solana futures increased to $246.38 million on September 5, with most of those contracts coming from Binance ($101.41 million) and Bybit ($82.32 million).
This was backed up by a further $700,000 investment last week.
