This week's strength in SOL is mainly due to the increasing number of companies like MicroStrategy that are buying SOL. Although the amount of purchases is far less than that of ETH MicroStrategies, the starting point and floor are relatively low, so it has been pulled up immediately. Therefore, it is understandable that this wave of SOL pump-up is no longer related to the activity of the on-chain Meme, and is following the path of ETH (that is, driven by traditional buyers). Although there are many microstrategies that have officially announced their purchase of BNB, only the two companies have actually made the purchase. Interestingly, over the past two weeks, the main force behind ETH purchases was still BMNR, led by Tom Lee and Cathie Wood. SBET suspended purchases last week to save its stock price, so BMNR has also become a weather vane for this wave of ETH buying by listed companies.

I am really worried that after this wave, the SOL price will also be out of touch with the chain.

It's a shame that BlackRock and other large companies haven't yet applied for a SOL ETF. This is actually the main channel.