- Solana has experienced a significant surge, with its price increasing by 40% over the last 10 days. This rise has pushed the SOL price to $135, marking a notable recovery from its recent lows earlier this month.
- A key driver of this surge is the launch of the first spot Solana ETFs in North America on April 16, which has attracted substantial institutional interest and contributed to Solana reclaiming dominance in decentralized exchanges (DEX) over Ethereum.
- On the Binance platform, approximately 71% of traders have opened positions expecting further price increases, indicating growing confidence in Solana's market performance. This bullish sentiment is supported by technical indicators, including a breakout above the 50 EMA and strong ascending trend lines. #SolanaSurge