🔥 $SOL's Comeback Legend: The Faith Born from the Drop, Secrets Behind the Surge! 🔥

The surge of $SOL is not just hot air, but relies on three key strategies: faith, asset expansion, and chip concentration.

Faith: Iron Fans Born from the Drop

From $259 to $8, SOL's decline reached 97%, mirroring that of ETH and BTC in 2018. Speculators exited during the worst times, leaving only die-hard fans behind. As the market warms up, the profit effect attracts a massive influx of funds, and faith begins to solidify. Especially after the FTX collapse, SOL surprisingly did not crash, and now with the influx of BTC ETF funds, the foundation of faith is becoming increasingly solid.

Asset Expansion: Rapid Rise of the Ecosystem

The rise of SOL is not solely dependent on technology but also on telling new stories and expanding assets. The meme coin BONK and DePIN have rapidly increased on-chain activity. BONK's airdrop propelled a leap from 200,000 to 1,000,000 addresses, while DePIN labeled SOL as a “Productivity Public Chain,” attracting a large number of Web2 users. Whether SOL can succeed hinges on its ability to create new assets and tell new stories!

Chip Concentration: Who Can Resist Pumping?

The chip structure of SOL is also extremely favorable, with 55.8 million SOL locked in the FTX bankruptcy, comparable to the ETH 2.0 locking mechanism, making circulating chips extremely scarce. A 70% staking rate and DeFi locking have rendered circulating chips nearly zero. The more concentrated the chips, the easier it is to pump; now institutional funds are pouring in, and SOL's upward momentum should not be underestimated!

Future Outlook: Potential in Both Short and Long Term

In the short term, the bull market continues, and the popularity of DePIN and BONK will drive another wave of increases, making the $300-350 target closer with institutional funds entering.

Mid-term risks mainly come from the unlocking of FTX; if the market is pressured after the unlock, there may be a 10%-20% pullback, but if it withstands the pressure, $400-500 is not just a dream.

Long-term success will depend on whether DePIN can be successfully implemented; if SOL becomes a true “Productivity Public Chain,” $1,000 will no longer be out of reach. However, if ETH optimizes gas fees or a new public chain emerges, SOL's glory may be difficult to sustain.

Conclusion: SOL is not just a surge; it is a game of faith and strategy!