Solana (SOL) Soars 20%, Breaking $250 with Bullish Momentum

Solana’s price has surged by 20% this week, exceeding the $250 mark and catching attention from both retail and institutional traders. This surge comes amid a growing bullish sentiment fueled by recent tweets, increased trading activity, and positive on-chain data. 71.87% of Binance users holding SOL positions are expecting further gains in the short to medium term. The price jump was bolstered by increased buying pressure and wider market participation, as evidenced by record trading volume across various exchanges.