SOL price recovers, but new highs depend on multiple factors

SOL’s faces a fresh wave of challenges from competing blockchains, and the path to $250 depends on a potential spot ETF approval and institutional inflows.

Key takeaways:

Solana network activity and fees have declined, yet spot ETF expectations maintain investor interest in SOL.

Validator income sustainability and staking inflation are risks, but institutional inflows could drive SOL gains.

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