Kaiko: The main driver of SOL’s rise comes from Coinbase

According to analysis by data analysis company Kaiko, the main driving force for SOL's rise comes from Coinbase. Since October 25, SOL's cumulative incremental transaction volume (CVD) on Coinbase has increased by nearly $1 million, indicating a net inflow of capital. Binance and Kraken’s CVD turned from negative to positive earlier this week, while the Korean exchange has been negative and trending downward for two weeks. The CVD metric tracks the net difference between purchases and sales over a period of time. This is the accumulation of net bullish/bearish pressure in the market, with positive values ​​indicating excess buying. (CoinDesk)