Data: Solana hot money surged 100% in 7 days, crypto assets generally rebounded but are still below the cycle high

according to Glassnode data, Solana ($SOL) hot capital reached $9.46 billion on April 28, a new high since March 12, with an increase of $4.72 billion (+100%) in the past 7 days. During the same period, XRP's hot capital soared from $920 million to $2.17 billion, an increase of 134.9%. Despite a strong rebound, the hot capital of major cryptocurrencies is still far below the cycle highs: BTC (-60.8%), ETH (-60.3%), SOL (-38.4%), XRP (-71.7%). Analysts believe that the inflow of funds into SOL will provide more liquidity support for the stablecoin ecosystem of Solana.