Solana Don Burst 13% As Bitcoin Pass $122K; Altcoin Season
Solana don sharp 13% reach $174.45 as Bitcoin push pass $122,000, e dey ginger traders risk appetite. Mixed US inflation figures—June CPI na 2.7% and PPI na 2.3%—don calm fear say Federal Reserve go tighten market before the July 30 FOMC meeting. Bitcoin sef gain 2% from $119,000 level.
Ethereum see ETF inflows wey pass $193 million, and Solana product dem carry $3.3 million, show say institution dem interest dey grow together with corporate buyers like SharpLink Gaming and BitMine Immersion. Solana network fundamentals still solid: daily transactions pass 100 million, staking participation na 66.43% with 7.17% annual yield, plus on-chain revenue and app fees don balance up since May.
The surge sef na because of Pump.fun ICO wey generate near 30 million trades and $1.7 billion DEX volume—94% for meme tokens—even though Bonk still get the highest overall volume. As Bitcoin liquidity sidon around $120,000 and Solana dey show e own strength, traders fit find fresh crypto trading opportunities as altcoin season dey pick up.
Bullish
Waka wey Solana gbegede gangan 13% as Bitcoin come break through, plus di inflation data wey dey reduce, and ETF dey flow, plus beta network metric, dey show say SOL get correct momentum. For short term, traders fit come dey follow di strong price move and di liquidity wey dey increase around $120k Bitcoin. For long term, Solana staking participation wey high, better on-chain revenue, plus how institutions dey carry dem adopt, dem dey support better growth wey go last. Plus di Pump.fun ICO wey break record for volume show say demand for Solana-based DeFi projects dey rise, e also make di outlook positive well well.