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Solana (SOL) broke ATH of $150

March 8, 2024

SOL surged close to $150, marking its highest point since January 2022. Several factors contributed to this positive momentum, including FTX's bankruptcy and the rally of "meme" coins.

According to CoinGecko, at the time of writing, Solana is trading at $146. Over the past 24 hours, the asset has seen a 5.1% increase in value, and over the past two weeks, it has surged by 43.5%.

The peak value within 24 hours reached $149.8. The last time such a price was recorded was in early January 2022, when SOL steadily declined following the FTX collapse.

The current price is still 43.4% below the all-time high of $259, reached in November 2021.

Meme Coin Rally

Meme coin frenzy has engulfed the entire crypto market. One of the absolute leaders in growth is dogwifhat (WIF), which appeared on Solana late last year.

Continued interest in SOL is also fueled by upcoming token airdrops. Crypto community members are anticipating free coins from projects such as Wormhole, Kamino, Parcl, and MarginFi.

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