Solana (SOL) is experiencing a significant surge in price and network activity. Here's what's contributing to the current momentum:
Strong Price Gains: SOL has seen substantial gains over the past week, with increases of around 20%. It has broken through resistance levels and is currently trading around $134, with potential targets of $150 and beyond if it maintains this level.
Whale Activity: Large transactions, including one involving over $105 million worth of SOL, have generated market interest and potentially contributed to the upward price movement.
Spot ETF Approval in Canada: Canadian regulators have approved spot Solana ETFs, paving the way for increased institutional investment and positive market sentiment
