#美国终止政府关闭 The latest data is quite interesting - Solana's treasury combined with ETF products has locked up over 24.2 million tokens, equivalent to 3.44 billion USD. This is not a volume that retail investors can afford to play with.

The traditional financial sector is starting to take SOL seriously. The continuous influx of funds into compliant products like ETFs means that institutional money is voting with real capital. With this influx of money, the circulation supply will naturally be compressed.

The timing is even more critical: the concept of privacy coins has recently been heatedly discussed, and the Solana ecosystem itself has technical advantages, with both supply and demand tightening. In the short term, with such a high concentration of chips, price elasticity will be amplified.

In my personal judgment, the recent trend of SOL may not just be a simple rebound. If institutions continue to buy in, it is not impossible to break through the previous level of 440 USD. Of course, the market is always full of uncertainties, but the movements of institutions in this wave are indeed worth paying attention to.