Solana (SOIL) Surges Over 700%, Indicating Strong Momentum

Solana (SOIL) has experienced an extraordinary surge with a 726.7% increase, indicating a significant uptrend in its market activity. The recent price movements over different time frames show remarkable growth, with a 43.4% rise over 5 minutes, a 198.5% increase over the past hour, and a 726.7% jump over the last 12 hours. Its current market capitalization stands at approximately $31.77K, with a pool of about $18.29K and 235 holders. The activity appears to be concentrated among major holders, with the top 10 account for 23% of holdings, well below the 30% threshold, suggesting a more decentralized distribution. The internal market progress is at nearly 89.89%, reflecting active trading. Given these elements, the asset demonstrates a rapid and strong upward momentum, but such volatility warrants caution.