) has demonstrated outstanding performance during the last week, showing significant progress in the last 30 days. The SOL token experienced an impressive pump, marking a surge of more than 190% in these 30 days. Despite reaching a new peak for the year on November 10th, its current price remains over four times lower than its all-time high of $259.96. One reason why long time holders do not want to sell.
Some say that Solana's upward movement was probably because factors like the favorable endorsement from Cathie Wood, CEO of ARK Invest. At a CNBC interview on November 15th, Wood praised Solana for its efficiency and cost-effectiveness, pointing out its significant role in the blockchain ecosystem. She talked about out Solana's superior speed and cost advantages over Ethereum, drawing parallels to Ethereum's previous advantages over Bitcoin.
But others are pointing out that this pump seems to be very artificial, compared to the market in general now. Could it be a inside job?
