Solana Block Traders Bet Big: SOL Eyes $200 Breakout by June’s End

Solana (SOL) is riding a bullish wave as institutional traders pile into block trades, signaling confidence in a continued rally. The Layer 1 token has gained 28% this month alone, with derivatives data showing aggressive call option accumulation at the $200 strike price.

Market makers report SOL’s funding rates remain healthy despite the run-up—no excessive leverage yet. "This isn’t meme coin speculation," says a Genesis desk trader. "We’re seeing real capital repositioning from ETH DeFi into Solana’s high-throughput ecosystem ahead of Firedancer’s testnet launch."

Technical charts show SOL cleared its 2024 resistance at $168 with conviction. If Bitcoin holds steady, analysts project a 20% upside toward $201 by June 30—which would ironically make SOL’s YTD performance (+210%) outpace most tech IPOs this year.