Solana's price surged above $180 with a 3.5% gain and saw an 11% increase in trading volume.
The number of Solana wallet addresses holding at least 0.1 SOL jumped to 11.04 million, indicating growing interest and confidence from retail investors and long-term holders.
The breakout above $180 opened up a potential 40% upside rally for SOL, with a target price of $270, as traders and investors show strong bullish sentiment.
Exchanges experienced a $13 million outflow of SOL in the last 24 hours, signaling accumulation and potential buying pressure for a further upside move.