!!! Surge !!!
Is $SOL about to surge to $400? Those holding SOL must read this.
As the trading volume on the SOL network DEX surpasses $40 billion, the price has also approached the previous high of around $260.
On November 18, SOL set a new yearly high of $248, becoming the second highest point since 2021, just 8% away from its previous peak.
Recently, the market saw a surge in BTC, while other altcoins did not follow suit. Why is SOL performing outstandingly? This is mainly due to the following three reasons:
First, the development of the SOL chain's meme coin ecosystem is rapid, and wealth creation stories are frequently emerging. There are more and more instances of meme coins turning into valuable assets, such as pnut-type coins, which saw explosive trading upon launch, attracting more investors to this ecosystem and leading to a large purchase of SOL.
Second, the trading volume on SOL's DEX has reached a historic new high, exceeding the previous record by 100%.
According to data from DefiLlama, the trading volume on Solana's decentralized exchange (DEX) reached a historical weekly trading volume of $41.2 billion last week. Previously, the highest trading volume was around $18 billion the week before, and about $17.5 billion in March 2024. The total trading volume of SOL has surpassed that of Base, BNB Smart Chain, ARB, and Ethereum combined.
Third, this point is very important and determines whether SOL can rise to $400 or even higher. Brothers, what do you think the key point is? Share your opinions in the comments, and I will reveal the answer later, or follow me for a sneak preview of my insights.
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