WEDNESDAY – Solana (SOL) marked a major milestone by surpassing Ripple’s XRP to become the fifth largest cryptocurrency by market capitalization, now at more than $34.4 billion.
In a notable rally, the price of SOL surpassed the $80 threshold today for the first time since May last year, reflecting an 8% increase on Wednesday alone. This increase in value coincided with a broader rise in the cryptocurrency market, marked by Bitcoin’s ascent past the $44,000 mark.
Solana’s recent success is not limited to its price performance. The ecosystem has demonstrated strong growth, with Total Value Locked (TVL) showing a strong recovery. This revival of investor confidence can be partly attributed to the successful claim of the initial batch of Solana Saga smartphones, which notably included the BONK meme coin airdrop—a move that appears to have caused a stir. sparked further interest and activity in the Solana network.
This article was created and translated with the help of AI and has been reviewed by an editor. For more information, see our Terms & Conditions.