Solana (SOL) Just Did Something It Hasn’t Done Since February

Solana’s (SOL) recent price action has demonstrated a classic technical breakout ￰0￱ popular cryptocurrency climbed above the $213 threshold after rising by over 6% in the past 24 hours and is testing resistance levels that have held since February of this ￰1￱ breakthrough potentially points to the end of a months-long consolidation ￰2￱ Breakout According to Santiment’s latest findings, the accompanying retail sentiment data reveals an extraordinary bullish ￰3￱ fact, a positive commentary was found to be dominating negative opinions at a 5.8:1 ￰4￱ is the strongest bullish sentiment reading in nearly three ￰5￱ such technical breakouts often lead to steady upward momentum, the extreme nature of retail optimism in SOL, however, needs careful monitoring, as euphoric sentiment levels can sometimes precede market ￰6￱ from B2BINPAY had recently stated that SOL’s jump back above $200 was “more than just a speculative pop,” which aligned with strong on-chain ￰7￱ throughput also witnessed significant growth since last month, alongside increased DeFi total value locked as well as expanding NFT activity and GameFi ￰8￱ War-Chests Momentum is not just limited to charts and on-chain ￰9￱ instance, Sharps Technology announced a $400 million treasury strategy centered on Solana’s native ￰10￱ medical device maker signed a letter of intent with the Solana Foundation to acquire $50 million worth of SOL tokens through a private investment in public equity (PIPE) ￰11￱ purchase will be made at a 15% discount to SOL’s 30-day average price.

Additionally, Galaxy Digital, Multicoin Capital, and Jump Crypto are raising $1 billion to create a dedicated SOL ￰12￱ Capital is also betting big on ￰13￱ claim that the crypto hedge fund is aiming to raise $1.25 billion by converting a Nasdaq-listed firm into “Solana Co.” The plan includes $500 million upfront and $750 million via warrants, which could potentially create the world’s largest SOL treasury, for now.