Solana’s Breakneck Surge Hits $200, Driven by Institutional Backing

Solana is experiencing a remarkable surge in price, reaching new highs and challenging the $200 mark. The momentum stems from several factors: a strong technical breakout, growing institutional interest, and innovative tokenized equity offerings on the Solana blockchain. 51% gains following a recent retracement suggest strong buying activity. Solana’s sustained climb is validated by its trading above the 200-EMA for the first time in months, marking a significant shift in market structure.