🚀 Solana's SOL token soared 13% from July 14-16, breaking the $160 barrier for the first time in five weeks! While still 24% below its March peak of $209, the rally has traders buzzing about a potential climb to $180.
- Ether ETF approval hype and memecoin mania are fueling SOL's rise. SEC's final instructions for Ether ETFs are out, with a launch expected on July 23.
- Solana's memecoins like BONK and DogwifHat have hit billion-dollar market caps, driving community engagement.
- SOL's total value locked (TVL) is up, surpassing BNB Chain, thanks to projects like Jito and Kamino.
- Futures markets show a 12% premium, hinting at bullish vibes.
Hold onto your hats, folks! 🌟