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Solana (SOL) has surged past $200, signaling a shift from meme-driven hype to institutional interest. Analysts attribute the rally to ETF speculation and key technical upgrades. The altcoin’s performance now outpaces Bitcoin and Ethereum, marking a potential turning point.
- Solana’s July rally (+34%) outperformed Bitcoin and Ethereum, fueled by ETF speculation and institutional inflows.
- Jito Labs’ BAM upgrade aims to improve blockspace control and reduce MEV, addressing past reliability concerns.
- SOL’s $100B market cap and $73M pre-ETF commitments signal a shift from speculation to foundational growth.
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