SOL Season Incoming: Why Is the Price Surging?
With its market capitalization growing quickly and its TVL approaching $13 billion for the first time, Solana is about to reach a historic period. It now surpasses BNB as the fifth-largest cryptocurrency in the world. A staking wave, whale activity, and institutional entries are all contributing to the chain reaction that is bringing SOL closer to its prior all-time high. Since it prepares the ground for the next possible breakout, this could mark the start of the SOL season.
As TVL across the Solana ecosystem soared to an all-time high and for the first time approached the $13 billion milestone, Solana recently recorded an astounding rise. Rekindled trust in Solana’s DeFi apps, staking initiatives, and on-chain services is reflected in this TVL growth. Protocols restore previously withheld funds as TVL increases, increasing liquidity and enhancing open interest and derivatives volumes. As institutional and individual investor capital has returned to the network, this has strengthened SOL’s price momentum.
Institutional Investors Drive Solana Rally as SOL Overtakes BNB
Institutional capital is one of the main forces behind this rally. A $1.65 billion PIPE led by Galaxy Digital, Jump Crypto, and Multicoin has developed a concentrated Solana treasury strategy. Large-scale transactions are frequently accompanied by strong buying pressure, which lowers the amount of supply in circulation and serves as a key driver of price growth. Concurrently, SOL’s market value has skyrocketed, enabling it to overtake BNB and emerge as the fifth-largest cryptocurrency globally. These indicators suggest that Solana‘s ecology is poised to enter a more sustainable growth phase, which feeds stories about an impending SOL season.
SOL Price Momentum Strengthened by Massive Whale Purchases
The tendency is also being accelerated by whale activity. Over 700,000 SOL, valued at over $160 million, have been acquired by Galaxy Digital. More than 192,000 SOL were transferred and redeemed by FTX/Alameda. Furthermore, a whale address staked over 268,000 SOL (worth around $60.7 million), and USDC Treasury created 250 million new USDC on the Solana network, so preventing liquidity from moving. These actions show that significant money is placing bets on Solana’s long-term prospects.
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