Solana Aims for $200 as Network Activity Hits New Highs

SOL is trading around $147, just below its recent $156 peak. The token has surged over 50% this year and may be heading toward the $200 mark.

Why? Solana processed over 410M transactions in the past week - 47x more than Ethereum - driven by meme coin hype (Bonk, Fartcoin, etc.). That spike brought a 22% jump in fees, generating $9.3M in revenue vs. Ethereum’s $4.45M.

Monthly stats:

Solana: 1.58B transactions

Ethereum: 36M

Solana DEX volume: $68B (vs. Ethereum’s $56B)

Chart-wise, SOL is forming a bullish flag - a classic breakout signal. If confirmed, price could target $200 (+32%). But a drop below $121 would cancel the bullish setup.

Solana is outpacing Ethereum across the board — time to act? $SOL