A major options block trade on Monday suggests institutional investors are betting on Solana (SOL) reaching $400 by the end of February, a potential increase of 55% from the current price of $257.
The trade is structured as a bull call spread involving 10,000 contracts at $280 and $400 strike prices, revealing bullish sentiment.
Solana's price has also broken above key resistance levels at $240, adding to the positive outlook.