Solana's token price is currently trading at over three times its total value locked (TVL), buoyed by significant institutional inflows. The Bitwise BSOL ETF alone has seen $417 million in weekly inflows, highlighting strong interest from institutional investors. Despite a generally weak on-chain market sentiment and negative funding rates in derivatives, Solana's price remains stable, fluctuating between $180 and $195. While traders exhibit caution and a short bias, ongoing support from spot buyers suggests a potential price rebound if funding rates stabilize.