Solana's price surged about 7% over two days, driven by macro factors rather than Solana-specific news. This rally was linked to easing U.S., Iran tensions that boosted global market risk appetite. Trading volume for Solana rose 24%, with centralized exchanges dominating activity.
Despite this short-term gain, Solana remains down over the past 30 to 90 days, highlighting the need for stronger fundamentals like network activity and DeFi growth to sustain the rally. Investors will watch geopolitical developments and U.S. monetary policy for future market direction.