©Reuters
WEDNESDAY – Solana (SOL) marked a milestone by overtaking Ripple’s XRP to become the fifth largest cryptocurrency by market capitalization, which now stands at over $34.4 billion.
In a notable surge, SOL price crossed the $80 threshold today for the first time since May of the previous year, reflecting an 8% increase on Wednesday alone. This rise in value coincides with a broader rise in the crypto market, highlighted by the rise of past the $44k mark.
Solana’s recent success isn’t limited to its price performance. The ecosystem has demonstrated robust growth, with total value locked (TVL) rebounding strongly. This boost in investor confidence can be partially attributed to the successful claim of the first batch of Solana Saga smartphones, which notably included an airdrop of BONK meme coin – an action that appears to have sparked additional interest and activity within the Solana network.
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