Recent market activity involving Solana has ignited speculation, with a large token transfer by Pumpfun and its associated price surges. This latest surge follows similar patterns of activity as Pumpfun has been steadily transferring SOL tokens, totaling over 3.2 million SOL in total. These recent actions were coupled with an increase in new wallets claiming SOL, fueling speculation. 145,000 SOL moved shortly after the transfer by Pumpfun, adding further fuel to market buzz. Analysts are closely watching these developments, focusing on whether this represents a significant trend, especially given Solana’s continued price growth and the potential impact of an incoming SOL ETF. Crypto analyst Gerlaenco predicts Solana could see over 50% price increase, potentially reaching $200 by May, while Bloomberg’s Eric Balchunas estimates a 90% probability of a SOL ETF approval, which is driving increased activity in both spot and derivatives markets. Solana’s daily trading volume fluctuates between $4 billion to $6 billion, indicating consistent investor engagement, as highlighted by DeFiLlama data. This activity alongside price trends are being analyzed to gauge Solana’s overall health. Expert insights suggest that these developments could present significant opportunities for strategic investors. Key indicators include resistance levels and the anticipated ETF approval, calling for continued monitoring of both transaction patterns and exchange market signals.