🚀 $SOL +9 % breaks $200: institutional backing and ETF frenzy — next stop $275?
Solana surged 9% to surpass $200, driven by strong institutional flow and the momentum of new ETFs.
Massive institutional accumulation: Upexi Inc., a Nasdaq-listed company, revealed a position of $316 million in SOL, and various corporations now control nearly 8% of the circulating supply, which reduces available liquidity and creates upward pressure.
ETF demand increases: The REX-Osprey SOL + Staking ETF has already surpassed $100 million in assets, while major chains are applying for approval from the SEC — which fuels expectations of additional flows.
Positive technical signals: The advance above $200 represents a breakout from the resistance level, while the RSI at 61 and a positive MACD histogram indicate strength, with upcoming targets at $218–$220.
Growing on-chain adoption: The network reaches a peak of 11.12 million active addresses, reflecting renewed interest in the platform.
Are you joining the bullish rally or waiting for a correction?
