Solana $SOL Surges 8% in Hour, Tops $SUI in Daily Transactions

Solana's cryptocurrency, $SOL, has shown significant market activity recently. It initially traded at $148 and later reclaimed a higher value of $155, marking an 8% increase within an hour and a +6.7% increase over 24 hours. The currency has been performing well, surpassing $SUI blockchain in daily transactions and regaining the top spot. Additionally, market movements have led to $2.22 million being liquidated in shorts, with the largest single short liquidation amounting to $605K. Trading strategies suggest an entry point at $141 with potential profits ranging between $160-$220. $SOL is noted as one of the fastest L1s, indicating strong performance potential during this bull market.