Solana leads Polkadot, Cardano, XRP and other altcoins with $6.1 million in institutional capital inflows last week, data from Coinshares shows. Digital asset investment products noted $862 million in inflows, with Bitcoin leading and only $18.3 million directed towards altcoins. Solana's price lost nearly 6% on the day as on-chain activity declines after the spike seen in the last week of March.
This marks nearly a complete recovery compared to the prior week’s record $931 million outflows. Most inflows to cryptocurrency markets were due to Bitcoin, which registered a $865 million capital inflow. Meanwhile, altcoins saw a combined inflow of $18.3 million, with Solana leading the pack ahead of XRP, Chainlink, and Polkadot. Flows by asset. While Solana-based funds observed a $6.1 million weekly inflow, on-chain activity on the chain has registered a sharp decrease.