Solana’s cryptocurrency price has surged to new heights, driven by significant increases in the ‘Coin Days Destroyed’ (CDD) metric and a major corporate investment. Analysts point to growing institutional demand as a key driver behind this surge. Glassnode data shows a notable CDD spike on June 3rd, exceeding 3.55 billion, marking the third largest of the year, and only outpaced by two other larger spikes earlier this year. This spike is attributed to activity from long-dormant wallets, signaling renewed trading activity from previously inactive Solana holdings. The surge comes alongside a bullish technical setup in the form of a falling wedge pattern on the 4-hour price chart. This pattern suggests a potential reversal for a bullish market trend. In addition, Classover Holdings has announced plans to invest $500 million into Solana, further fueling this momentum. 6,472 SOL was purchased and Classover is aiming to borrow up to $500 million to acquire more tokens. The company received approval to sell shares worth a billion dollars to fund expansion within the Solana ecosystem, indicating increasing interest from large-scale institutions. As trading activity for Solana intensifies, this combination of increased institutional interest and bullish technical indicators makes it a focal point in the cryptocurrency market.