Solana’s SOL Eyes $200 as Block Traders Bet Big on June Rally
Solana’s native token SOL is flashing bullish signals, with block traders positioning for a potential surge to $200 by June. The high-speed blockchain—often dubbed an ’Ethereum killer’ by its fanboys—has been quietly shaking off its FTX-era baggage.
Market movers are loading up on SOL derivatives, betting the token’s 30-day volatility spike will deliver outsized gains. Meanwhile, retail traders remain distracted by meme coin casinos—classic.
Can Solana defy the altcoin gravity well? One thing’s certain: in crypto, the house always wins... until it doesn’t.
Source: Unchained
Solana Block Traders Expect $200 Mark to Come to Fruition by June?
Monday saw the United States and China ease tensions with a major tariff pause deal. Indeed, both sides agreed to halt the import tax duty increase for a 90-day period, igniting belief that a trade deal could soon be on the horizon. The announcement was huge for the US stock market, pushing the S&P 500 to a two-month high.
It also provides increased clarity for financial markets in general. That should be of benefit to the cryptocurrency sector, with a host of assets looking to find extended momentum. One token that many are expecting to surge is Solana, with block traders buying in on call options for SOL to reach $200 by June.
Solana fell less than 0.2% on Monday, trading at the $171 mark by midday, according to CoinMarketCap. However, that reversed a 17% increase that has taken place over the last seven days, while SOL is up more than 32% in the last month. Those increases are not expected to stop, according to block traders, or those who execute large trading orders over the counter and outside of public order books.
Since April 17th, solana is up 85% and outpacing Bitcoin’s jump to above the $103,000 mark. Now, a Deribit-listed June 27th expiry has been grabbed up by these traders, according to a CoinDesk report. The move shows faith has increased in Solana, and if they’re right, it should continue to be one of the best-performing tokens of the year.
