#SOL is pumping but the interesting part is why.
A lot of ETH holders have been bleeding for over 4 months. Eventually, many gave up and sold. But where did that money go?
Not many attractive options out there:
- BTC is barely bouncing
- SUI has massive unlocks every month
- BNB lacks volatility
So naturally, a lot of that capital rotated into SOL. Solid fundamentals, strong narrative, and high probability of an ETF approval this year, it’s becoming the top pick for many.
That said, I wouldn’t sleep on ETH. There’s a major upgrade coming in early May that could shift momentum. Personally, I’m watching it closely, the rebound might surprise a lot of people.