Solana’s blockchain activity is experiencing a surge, with inflows exceeding $120 million over the last month. This influx coincides with an overall market rebound and renewed optimism surrounding Layer 1 technology. Contributing factors include rising trading volume, increased memecoin interest, and strong support levels at $129. 8 35% surge in trading volume was seen during the last 24 hours resulting in SOL price reaching a peak of $135.23 before settling down to $133.36 at the time of reporting. Technical indicators such as Glassnode’s analysis reveal key support and resistance zones for SOL, with $129 being a critical area of accumulation. If SOL maintains this level, it could push towards the target of $150. 8 This positive momentum is driven by increased investor interest and liquidity inflows which indicate strong market indicators. Notably, Ethereum and Arbitrum contributed to these cross-chain transfers, showcasing Solana’s expanding role within the decentralized space.