Solana (SOL) has surged over the past 24 hours, breaking above $195 and outperforming Bitcoin and Ethereum in a bullish recovery. The token’s performance is fueled by institutional interest, growing DeFi applications, and positive developments, including partnerships with South Korea’s Wavebridge for a KRW stablecoin. Key takeaways include: a strong rebound from the recent correction, increasing whale accumulation, active treasury management, and technical indicators suggesting further upside potential. 4.2 million SOL were accumulated by whales since October 10th. While the broader crypto market suffered $624M in liquidations, Solana saw net inflows, indicating a shift toward self-custody. This suggests strategic accumulation amidst broader ETF outflows. Technical analysis points to strong support levels at the 200-day EMA and potential resistance at $208-$225, with further upside if the breakout holds, potentially reaching $250. Meanwhile, Solana treasury firms (DATs) have accumulated over 1.6% of SOL supply in the past month, highlighting their role as a structural pillar for the token’s growth and offering yields not seen in passive ETF structures. Looking ahead, traders will watch for confirmation of a breakout above $208-$225 resistance. If successful, Solana could aim for $250 and beyond, potentially reclaiming its all-time high of $300.