Solana’s DEX-volume spikes and meme-token rallies are noise; the $100 SOL target remains a regulatory binary.

Solana’s DEX-volume spikes and meme-token rallies are noise; the $100 SOL target remains a regulatory binary. Institutional signals—SBI’s RWA pipeline, Coinbase custody for ETFs, and USDC mint—corroborate that regulatory clarity is the sole priced variable for SOL’s risk premium (96% confidence). China approvals still anchor Tesla spillovers, but Japan’s MiCA alignment now rivals it as a priced pathway.