This is why Solana isn't pumping higher... yet

Activity on the Solana blockchain is experiencing a significant surge at the moment.

The volume on decentralized exchanges (DEX) is showing a notable upward trend, while meme cryptocurrencies are exhibiting wild fluctuations. Additionally, Jupiter (JUP) has recently reached a new all-time high.

Many are curious as to why the price of Solana ($SOL) hasn't started to climb yet.

It's likely to happen soon, but first, there's a tendency for individuals to speculate with their $SOL holdings. After this phase, we can expect a sharp increase in its value.

This pattern mirrors what was observed with Ethereum in its previous cycle.

It feels like a familiar scenario unfolding once again.