Solana Surges 20% as Network Activity Fuels Renewed Bullish Momentum
Solana (SOL) is showing strong momentum, gaining more than 20% this week and moving above the $105 level as activity across the network continues to attract attention.
📈 Network Activity Takes Center Stage
One of the key drivers behind the rally is growing network usage.
Solana has reportedly seen around 5 million daily active addresses, while monthly transaction activity has reached record levels. Rising usage can strengthen the long-term narrative around the blockchain and its ecosystem.
🏦 Institutional Interest Grows
Investor confidence is also being supported by broader access to SOL through major financial platforms, alongside reported ETF inflows.
At the same time, proposals aimed at reducing SOL token issuance are creating another bullish narrative by potentially limiting future supply growth.
🎯 What Traders Should Watch
The combination of stronger network activity, institutional access and potential changes to token issuance is keeping SOL firmly on traders' radar.
However, after a 20%+ weekly move, short-term volatility and profit-taking remain possible.
The key question now is whether Solana can turn this momentum into a sustained trend.
👀 Is SOL beginning a bigger breakout, or does the rally need a cooldown first?
⚠️ Not financial advice. DYOR.
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