As the cryptocurrency market remains resilient despite macroeconomic headwinds, funds from large investors are spreading into altcoins such as Solana and XRP.
In a recent market report, market maker Wintermute analyzed that the cryptocurrency market has held on to most of its gains despite hawkish remarks from the Federal Reserve chair and declines in U.S. technology stocks. While Bitcoin has moved sideways after rising about 23% recently, Wintermute said that capital rotation into altcoins is becoming increasingly evident.
Funds related to Solana and XRP saw inflows of $154 million and $110 million, respectively, reaching their highest levels this year. Wintermute said institutional inflows have continued for two consecutive weeks, assessing that sustained demand—not a short-term short squeeze—is supporting the market.