Solana Surges 14% to $140 After Monthly Low
Solana (SOL) rallied about 14% to $140 on Tuesday after rebounding from a recent monthly low. The move follows an uptick in on-chain metrics — transaction counts and active addresses — that has refocused attention on Solana’s throughput and ecosystem momentum. Short-term buying appeared driven by spot inflows and technical support levels around the low.
The recovery comes with caveats: derivatives open interest and options volumes have weakened, and average network fees continue to fall, which could limit revenue for validators and reduce fee-driven speculative activity. Still, persistent leadership in on-chain activity keeps Solana relevant for dApp builders and traders. Market participants will be watching whether spot strength broadens into sustainable demand or stalls amid softer derivatives markets.