Bullish Sentiment Returns as Solana Breaks $200, Fueled by Jito’s BAM Buzz

Solana Breaks Past $200 as Jito’s BAM Rollout Reignites Bullish Sentiment

Solana (SOL) surged above the $200 mark for the first time since March, fueled by investor excitement following the announcement of Jito’s Block Assembly Marketplace (BAM) — a key infrastructure upgrade aimed at improving transaction efficiency and network programmability.

SOL rallied nearly 9% over the past 24 hours, peaking at $203 before consolidating amid modest profit-taking. Derivatives activity also spiked, with the SOL CD20 index climbing 8.87% and volume nearly tripling to 4.87 million units, according to CoinDesk Analytics.

What Is BAM?

BAM, developed by Jito Labs and the Jito Foundation, is a high-performance block-building layer that introduces private transaction sequencing via Trusted Execution Environments (TEEs). The system aims to minimize maximal extractable value (MEV) and enhance fairness while allowing programmable control over blockspace.

“Solana surged above a critical psychological level as BAM represents a major step forward in processing flexibility and privacy,” said Nick Ruck, Director at LVRG Research.

BAM will also include a plugin layer, giving developers the ability to define custom transaction ordering rules — such as prioritizing certain trade types, creating bundles, or offering paid access — effectively turning blockspace into programmable and monetizable infrastructure.

Institutional Capital Pours In

Beyond technical upgrades, SOL’s momentum is being driven by rising institutional interest. Weekly inflows into SOL investment products hit $39 million, while commitments to the pending REX-Osprey SOL ETF have reached over $73 million.

On-chain data from SoSoValue shows that institutional wallets accumulated over 2.95 million SOL — approximately $531 million — so far this month.

“Despite headwinds in the memecoin segment, developer activity and protocol innovation remain strong on Solana,” Ruck added. “It’s proving to be a resilient and adaptable platform for future growth.”

Price Action and Market Outlook

SOL is up more than 33% in July, outperforming Bitcoin and Ethereum during the same period. With continued infrastructure enhancements and rising investor inflows, analysts expect bullish tailwinds to persist through the third quarter.