SOL has me curious again.
Came across a piece saying it's targeting $120 as ETF inflows and network activity pick up. The $120 part is whatever, price targets are always a bit iffy. What got me was the claim that DEX activity and fees have picked up quite a bit. I'm trying to figure out whether that's actually something worth paying attention to or just a good headline.
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I too have been more cautious with SOL lately.
The price has already had a pretty decent run, so I'm wondering how much of this is new demand and how much is people piling back in because it's moving. Those are very different things.
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DEX volume and fee headlines are easy to overread. I only treat a pickup as real when it shows up in pool liquidity and who is actually swapping, not just a fee number. A quick on-chain pass I use for that is https://gmgn.ai/r/79XCfNUq — still NFA, DYOR.