【SOL rose 6.6% in a week; institutions are still adding more—I’m watching my account hesitate】
A month ago, SOL was still at $96. A week ago, it climbed to $113. Today, $ 121.03, with +3.4% over the past 24 hours.
That number is right there: short- to mid-term bulls lined up, trading volume expanding, and the FNG index at 71 moving upward in sync—textbook-perfect bullish signals from the technical perspective.
But what I want to say today isn’t that.
Within 48 hours, the Solana Foundation announced two personnel appointments: Rachel Conlan, former Binance CMO; and Jamal Raees, a veteran in payments and stablecoins. Together, they’re responsible for institutional partnerships, tokenized assets, and stablecoin payments.
Bitwise also has some data: when crypto saw a 50% drawdown, institutions holding BTC, Ethereum—even Solana—didn’t cut positions. Some even set conditions to add more.
Put these two things together—what do you smell?
The time I got cut in 2017 was because I didn’t understand one thing: institutions aren’t here to do charity. They come with business logic.
For someone at Rachel Conlan’s level, leaving Binance to go to Solana—what’s she there for? Sentiment? Solana being cheap? As for Raees, focusing on stablecoins and tokenized deposits, the business logic is the most straightforward: Solana’s high TPS and low fees are exactly the hard spot for the ETH chain in high-frequency payments and small transfers. ETH is fine, but in high-frequency scenarios the gas fees are… a mess. If institutions want to do payments and settlement, they have to look for an alternative.
That’s the real business logic. Not pure retail-driven speculation like “DeFi Summer.” Institutions are genuinely thinking about how to move payments and assets onto the chain—and Solana may be one of the best solutions they evaluated.
I made some money in 2021, and the logic was very similar: back then, DeFi really did have real demand, and liquidity mining produced real returns. It’s just that later, FOMO sentiment pushed valuations to an absurd level. Now the situation is: valuations are still in the bottom range, but the business logic is becoming clearer.
So how do I see it now?
In the short term, momentum is strong and the technicals are fine. But sentiment is already in the greed zone. That’s when I actually get a little itchy but don’t dare to move recklessly—not because I can’t, but because I want to be clear about what kind of drawdown I can tolerate.
If you don’t ask yourself in advance, when the market pulls back, your brain heats up and you go all in—then the old wound reopens.
That’s exactly how I ended up losing everything back in 2021. When I was winning, I thought I was a genius. I never considered whether I could even hold once the market turned.
This time, I plan to think it through before acting.
What about you? What’s your mindset right now? Are you willing to chase this wave—or like me, you see clearly but your hands are steadier than your brain?
A month ago, SOL was still at $96. A week ago, it climbed to $113. Today, $ 121.03, with +3.4% over the past 24 hours.
That number is right there: short- to mid-term bulls lined up, trading volume expanding, and the FNG index at 71 moving upward in sync—textbook-perfect bullish signals from the technical perspective.
But what I want to say today isn’t that.
Within 48 hours, the Solana Foundation announced two personnel appointments: Rachel Conlan, former Binance CMO; and Jamal Raees, a veteran in payments and stablecoins. Together, they’re responsible for institutional partnerships, tokenized assets, and stablecoin payments.
Bitwise also has some data: when crypto saw a 50% drawdown, institutions holding BTC, Ethereum—even Solana—didn’t cut positions. Some even set conditions to add more.
Put these two things together—what do you smell?
The time I got cut in 2017 was because I didn’t understand one thing: institutions aren’t here to do charity. They come with business logic.
For someone at Rachel Conlan’s level, leaving Binance to go to Solana—what’s she there for? Sentiment? Solana being cheap? As for Raees, focusing on stablecoins and tokenized deposits, the business logic is the most straightforward: Solana’s high TPS and low fees are exactly the hard spot for the ETH chain in high-frequency payments and small transfers. ETH is fine, but in high-frequency scenarios the gas fees are… a mess. If institutions want to do payments and settlement, they have to look for an alternative.
That’s the real business logic. Not pure retail-driven speculation like “DeFi Summer.” Institutions are genuinely thinking about how to move payments and assets onto the chain—and Solana may be one of the best solutions they evaluated.
I made some money in 2021, and the logic was very similar: back then, DeFi really did have real demand, and liquidity mining produced real returns. It’s just that later, FOMO sentiment pushed valuations to an absurd level. Now the situation is: valuations are still in the bottom range, but the business logic is becoming clearer.
So how do I see it now?
In the short term, momentum is strong and the technicals are fine. But sentiment is already in the greed zone. That’s when I actually get a little itchy but don’t dare to move recklessly—not because I can’t, but because I want to be clear about what kind of drawdown I can tolerate.
If you don’t ask yourself in advance, when the market pulls back, your brain heats up and you go all in—then the old wound reopens.
That’s exactly how I ended up losing everything back in 2021. When I was winning, I thought I was a genius. I never considered whether I could even hold once the market turned.
This time, I plan to think it through before acting.
What about you? What’s your mindset right now? Are you willing to chase this wave—or like me, you see clearly but your hands are steadier than your brain?