๐ $SOL Breaks $200 โ Will the Momentum Keep Rolling? ๐ฅ
$SOL is on fire โ blasting past $200 for the first time since March, and the setup suggests this may just be the start of something bigger.
๐ In the past 24h alone, SOL pumped nearly +9%, peaking at $203 before light profit-taking. And this isnโt random โ momentum is being fueled by strong institutional inflows, bullish technicals, and the major catalyst: BAM (Block Assembly Marketplace) by Jito Labs.
Why the Hype is Real:
๐ง BAM introduces private transaction sequencing using TEEs, reducing MEV and improving fairness โ a massive innovation for on-chain trading.
๐ธ SOL derivatives volume tripled, and the SOL CD20 product posted an 8.87% gain.
๐ฆ Institutional demand is skyrocketing:
๐น $39M in weekly inflows
๐น Over $531M in corporate SOL wallets
๐น Pre-commits to the SOL ETF exceed $73M
๐ SOL is up 33% in July, outperforming BTC and ETH โ and itโs gaining strength, not slowing down.
โป๏ธ Whatโs Next?
With BAM going live soon and Solanaโs network upgrades attracting devs and traders alike, sentiment remains extremely bullish. Many see SOL as undervalued, especially with the broader market still heating up.
If SOL holds above $200, eyes are on the $215โ$220 zone as the next breakout level.
Momentum looks strong โ are you positioned??
