Solana Surges 229%, Short-term Momentum Indicates High Volatility

The Solana market has experienced a remarkable surge, with a 229.4% increase and recent gains of 18.6% over the last 5 minutes, 1 hour, and 12 hours, indicating very strong short-term momentum. Its current market value stands at approximately $13,670, supported by a pool of nearly the same amount, and 148 holders are actively involved. The recent opening was just 16 minutes ago, with the internal market progress at 62.28%, suggesting ongoing active trading. The safety indicators show that key large holders are below 30%, which may contribute to a potentially more balanced distribution and less manipulation risk. Given these factors, the current market volatility and rapid gains suggest a high-risk, high-reward scenario. Traders should remain cautious and consider the short-term momentum, but be aware of the underlying volatility inherent in such rapid surges, especially in a relatively small market cap asset like Solana.