SOL, the native cryptocurrency of the Solana programmable blockchain has staged a sharp four-week rally, surging 85% since April 7 — more than double the pace of bitcoin (BTC) — and large options traders are positioning for further gains.The token climbed to around $176 in recent days as crypto and traditional markets embraced a greater degree of risk. Bitcoin, the leading cryptocurrency by market value, has climbed 40%, CoinDesk data show.The gains are unlikely to reverse in the near future, if block traders — primarily institutions and market participants that execute large trading orders over the counter and outside of the public order book — are correct
source: https://www.coindesk.com/markets/2025/05/12/solana-block-traders-see-sol-extending-gains-surpassing-usd200-by-end-june