Analyst: SOL has performed excellently, and a large influx of treasury funds is expected in the future, which may replicate the surge of ETH

ChainCatcher news, according to CoinDesk, Solana (SOL) has risen 33% since early August, outperforming major cryptocurrencies like Bitcoin and Ethereum. Analysts point out that the token has benefited from cryptocurrency investors shifting profits away from BTC and ETH.

In terms of price, SOL's recent trading price is around $210.07, up 33% from the low in early August. Compared to Bitcoin, SOL has increased by 34% over the past month, and compared to Ethereum, it has risen 14% since mid-August. Analyst Jeff Dorman stated that with up to $2.6 billion in treasury funds flowing in, SOL could replicate ETH's surge.

Additionally, Dorman mentioned that at least three digital asset treasuries focused on Solana are raising funds, with expectations to invest up to $2.6 billion into SOL in the coming month.