I just took a quick look at the latest data, and it's quite interesting. On January 1st, the US Solana spot ETF saw a single-day net inflow of $2.3 million. The BSOL ETF under Bitwise has been holding a significant share during this period, with total inflows surpassing $765 million since its launch. This scale indicates that institutions are seriously positioning themselves.

Meanwhile, on-chain activity is also very impressive. The number of active addresses on the Solana network has noticeably increased in recent days, and daily transaction volume is steadily rising. From these two dimensions, the enthusiasm is indeed spreading.

Having traded for many years, one insight I have is—where institutional money flows, opportunities usually follow. The current situation is: major institutions continue to increase their holdings through ETFs, and on-chain ecosystem activity remains strong. The combination of these two signals suggests that market confidence in Solana is warming up. A few months ago, I mentioned that Solana's potential might not have been fully tapped yet. The current influx of funds somewhat validates that judgment.

Short-term volatility is definitely to be expected, which is normal. But from a longer-term perspective, assets related to Solana are still worth paying close attention to.