Solana-based investment products have faced a record outflow of approximately $39 million, driven primarily by a significant slump in meme coin trading. This marks the largest outflow on record for Solana products and underscores the broader challenges within the meme coin sector.
Solana Faces Major Setback
According to the latest update from CoinShares, the decline in meme coin trading volumes has heavily impacted Solana. The latest weekly outflow brings the month-to-date figure to a negative $34.4 million.
Despite a year-to-date positive flow of $31 million, the total assets under management (AUM) for Solana investment products now stand at $1.130 billion. Additionally, the price of Solana has dropped by 2% on Monday, settling at $144.
Ethereum’s Contradictory Trends
In contrast, Ethereum-based investment products have shown better performance in terms of inflows. Last week, Ethereum products saw a positive flow of $4.2 million.
This latest figure brings the month-to-date total to $155.8 million and the year-to-date figure to an impressive $867 million. However, this positive flow has not translated into price stability. Ethereum experienced a 4% drop on Monday to $2,585, exacerbating its 26% decline over the past month.
DigiHorse (DIGI) Emerges as a Promising Contender
Amidst these market shifts, DigiHorse (DIGI) is emerging as a noteworthy player. The presale for DigiHorse’s groundbreaking AI-powered NFT racehorses has been generating considerable excitement.
The presale, which began at a rate of $0.003333 per DIGI token, has already attracted significant interest from investors. The current stage of the presale is seeing the token price rise as it moves closer to its projected listing price of $0.075.
DigiHorse offers a unique play-to-earn model, combining blockchain-based racehorses with an integrated banking system, stables, racecourses, and training grounds. This innovative approach is capturing the attention of investors seeking stability and growth in the current market environment.
As Solana and Ethereum navigate their respective challenges, DigiHorse (DIGI) stands out as a promising opportunity in the evolving crypto landscape.
For more details and to participate in the presale, please visit the official links:
Twitter: https://x.com/DHorseEmpires
Telegram: https://t.me/DigiHorseEmpiresOfficial
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Presale: Join Now
