SOL weekly is a very good looking chart.

The strength today may suggest that traders are speculating on the SOL ETFs being approved, as the first deadline on a lot of the applications is tomorrow (but the decision would presumably be made within business hours today).

I didn't personally think ETF approvals would come this quickly, and it would be a surprise to me if they were approved today. There is no SOL futures ETF live yet, which is rumored to launch in March, and futures ETF used to be essential before spot ETFs were approved.

The next SOL ETF deadline is in March, which seems to make more sense.

That being said, this is a completely new regime, and it's possible there is a commitment to accelerate spot ETF approvals, as the SEC previously put the US behind the curve by refusing to approve BTC spot ETFs for years.