The recent price rally of Solana can be attributed to a combination of increased spot buying activity among retail investors and significant accumulation by institutional players in the cryptocurrency market. This surge in demand indicates growing confidence in Solana's potential for future growth, as more investors seek to capitalize on its unique technological advantages and expanding ecosystem. As institutions recognize the asset’s value, their strategic investments further bolster Solana's market position, contributing to the momentum behind its impressive price increase.
source: https://blocknews.com/solana-price-rally-driven-by-spot-buying-and-institutional-accumulation/