Will $SOL break the historical high again this year???

First, let’s look at a few key points:

1. The faith is still there, and the fundamentals of SOL are stronger than the last cycle.

The last peak was 259 dollars, at that time SOL frequently crashed, the ecosystem was just starting, and FTX's holdings were a hidden risk. Now these issues have either been resolved or are being cleared up. Surviving after dropping to 8 dollars shows that there are true believers in this chain. With faith intact, the consensus for a bull market can quickly recover.

2. The ecosystem has explosive points; this round relies not just on technology but on creating assets.

• BONK has boosted the meme hype, directly driving on-chain activity.

• The DePIN narrative has expanded the boundaries, positioning SOL as 'on-chain productivity'.

Compared to the last round, SOL's user base, asset activity, and storytelling are much more mature now.

3. The chip structure is healthier; FTX has instead become a 'scheduled lock-up'.

Although FTX still holds a portion of SOL, the liquidation is coming slowly, and there is not much selling pressure in the short term. Additionally, with 70% of staked assets and a large amount locked up, there are very few coins available for sale in the market. Once the market starts to rise, this chip structure makes it easier to push up prices.

Conclusion:

Breaking the historical high is not a dream, but it depends on whether these three points can continue to ferment:

• Can the hype of DePIN and BONK last?

• Is the unlocking pace of FTX steady?

• Is the macro and market sentiment continuously bullish?

If this bull market is strong enough, with the narrative continuing and institutions continuously flowing in, SOL has the chance to challenge 300-350, or even challenge new highs. But if the sentiment turns cold or is overshadowed by other L1s (like SUI BNB), it may peak early.