- Well, well, well! Solana’s network might’ve been sweating with competition from other L1 chains, but guess what? Crypto summer is here, and optimism is back with a vengeance!
- Hold onto your hats! Non-zero SOL addresses have just smashed a record and hit an all-time high. Talk about a wild ride!
Since April 2025, Solana (SOL) has been on an absolute tear. This big-shot altcoin, flaunting a cool $99.8 billion in fully diluted valuation and a daily trading volume of $6 billion, has been showing off with higher highs and higher lows for the last seven weeks. You don’t need a rocket scientist to tell you that’s a rising trend!
The price of SOL has been soaring just as Bitcoin’s price takes a nice rebound above $100k. With BTC dominance starting to take a nosedive, we could be in for an altseason like no other. Ether’s doing its thing too, making a comeback against BTC. The crypto world is buzzing—get ready!
Solana Network: A Bit of a Mixed Bag
Here’s the scoop—Solana is still holding its ground in the DeFi space, mainly in the world of memecoins. If you thought memecoins were just a passing fad, think again. Their adoption has sent Solana’s non-zero SOL addresses into overdrive. Glassnode says the number of wallets with at least 0.1 SOL has just hit a jaw-dropping new ATH of 11.16 million. Now that’s a party!
But wait, there’s more! The U.S. SEC is still sitting on its hands, delaying its decision on VanEck’s proposed Solana ETF. Why? Oh, just a little “further review and consultation.” Who needs decisions, right?
What’s Next for SOL? Hold Your Horses!
After flirting with the $174 mark two weeks ago, SOL has decided to go for a little correction. The price has been playing around in a parallel symmetrical falling trend for the past few days. Classic move, right?
But fear not, fellow crypto adventurers! After a nifty rebound from the bottom of that symmetrical falling trend on Monday, SOL is poised to shoot back up. If it breaks through the top of this trend, we could be looking at a shiny new target above $200. Now, wouldn’t that be something?
Of course, if it decides to take another nosedive, don’t say we didn’t warn you. A little correction could send SOL plummeting to the next big support level, which is around $157. So, buckle up and stay tuned!
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2025-05-20 02:13