Solana Social Media Sentiment Reaches 11-Week High Amid 16% Price Surge

Social media sentiment for Solana has reached an 11-week high, with a ratio of 5.8 bullish comments for every bearish post, as reported by analytics firm Santiment.

Key Points

  • Positive sentiment surged following a 16% price increase in the past week.
  • The current sentiment ratio is the highest since June 11.
  • High social media hype can lead to market tops; caution advised.
  • Development Activity metrics indicate Solana leads its ecosystem with a score of 138.37.
  • Wormhole (W) and Drift (DRIFT) follow with scores of 41.47 and 31.9, respectively.

As of now, SOL is trading at around $212, reflecting a 1.6% increase over the last day.