Solana Outperforms Bitcoin and Ether with 11% Friday Surge and 26% Weekly Gain

Solana jumped 11% Friday and 26% over the past week, outperforming bitcoin and ether.

Investor worries about FTX selling its SOL tokens were overblown as FTX staked 5.5M SOL worth $122M.

Rising activity on the Solana network, massive inflows into SOL-focused funds, and a recent tech upgrade likely fueled the rally.

SOL has broken out technically against ETH, which may have contributed to the price increase.

Solana continues to stand out as the "altcoin of choice" with $24M of inflows last week, the largest since March 2022.