After a brutal Q1, Solana just bounced back hard — up 20%+ this week and reclaiming the $130 level. 📈 But what really turned heads? $SOL outperforming $ETH, breaking past key resistance on the SOL/ETH chart. 👀
Even crazier — Solana’s lifetime DeFi fees just surpassed Ethereum.
🔹 $2.56B SOL
🔹 $2.27B ETH
Yes, you read that right.
🔁 But let’s not forget where we came from.
Q1 was rough:
– SOL dropped 30%
– Lost its $100B cap
– Whale selloffs, tokens unstaked
– Structural weakness across the board
Fast forward to now:
✅ TVL hits $8.54B
✅ Long-term holders (HODLers) are stacking
✅ Accumulation streak: longest in 6+ months
But here’s the catch — retail is still quiet. 💤 New wallets are at a 6-month low.
So what’s next? This feels like a structural reaccumulation phase — smart money is positioning, but the big move likely waits for retail to wake up.
Patience is being tested. But history shows — when conviction builds, momentum usually follows. Are you ready if SOL breaks out? ⚡️