SOL has surged again! Is this a real launch or a profit-taking phase?

Sol's rise this month has been outrageous, even surpassing Bitcoin and Ethereum.

The market provides clear reasons:

• Certain upgrades for better Sol network experience

• The northern ETF is set to launch, and some are starting to bet on the narrative trend

From the perspective of sentiment, this wave is a replica of the overall "compliance + institutional entry" logic.

But the question is: Is this the beginning, or the end?

⚠️My judgment: There is still room for growth, but short-term profits need to be taken!

The reason can be summed up in two words: profit-taking.

1. The ETF is real, but the fundamentals and prices have decoupled, and on-chain activity hasn't continued to rise

2. Data shows: Large inflows into the SOL chain have slowed down in the past 3 days, with no further accumulation of funds

3. Right now, above the price of 134, it is technically close to previous highs, and to rise further requires a new story + substantial new money

Currently, there is only the ETF + secondary surge, with no sustained capital relay

So I suggest looking at it this way:

1. If you have been holding, this is not a point to add, but a point to observe

  Leave a portion for profit-taking, watching if the actual launch day of the ETF becomes a turning point for "news profit-taking → capital withdrawal"

2. If you are only thinking of entering now, don’t expect short-term gains, prepare for fluctuations

3. If you truly want to participate, you can monitor the stablecoin pools and DEX active pools on Sol, as a lot of funds have already flowed from the main coins in advance. This round of ecological tokens reacts slower than Sol itself, but the potential may be greater

In short:

This wave of Sol is bullish in trend but overbought in rhythm,

The "price bonus" from the ETF news may have already been overstretched by more than half.

So... should it continue to rise? Don’t look at hot searches, don’t look at the ETF itself, look at whether the chain can attract a new batch of liquidity.

If Sol's ecological TVL continues to rise within a week, this wave can still go further; if it stabilizes or falls, it’s the profit-taking period.