The price of the Solana blockchain token (SOL) has exceeded $180 for the first time since mid-February. Since the start of the sharp rise in the crypto market on May 8, the token rate has added about 30%, although it briefly fell below $100 in April.
Solana's capitalization has exceeded $94 billion. The altcoin has once again surpassed Binance's BNB token (BNB) and taken fifth place in the overall ranking of the largest cryptocurrencies from CoinMarketCap. At 12:00 Moscow time on May 14, SOL is trading at about $181.4. Over the past day, the asset has risen in price by 4%.
Solana's historical maximum ($294) was recorded on January 19, the day the Official Trump (TRUMP) memcoin was launched by the team of US President Donald Trump. Before listing on mainstream exchanges, the TRUMP token could only be purchased through Solana-based DEX platforms, which likely spurred demand for the SOL itself needed to pay fees.
Around the same time, the Solana memecoin hype was at its peak, with the Phantom wallet entering the top 20 in the US App Store and up to 70,000 new tokens being launched daily via the PumpFun platform. Since then, many have lost up to 90% of their value (compared to their January highs), but some have rebounded significantly in May.
The total capitalization of the crypto market has grown by 1.7% over the past 24 hours, to $3.35 trillion. Bitcoin has risen by 0.2% and is hovering around $103,000. Leading cryptocurrencies have also shown growth.
Ethereum (ETH) has grown in price by 5% in a day, to $2,580. On the night of May 14, it exceeded $2,700 for the first time since February 24, having risen in price by 50% since May 8.
Earlier, experts noted that this growth of the largest altcoin may be empty from a fundamental point of view and based "on the political steps of one person" - Donald Trump. Noting the weak capital inflows into spot exchange-traded funds (ETFs) on Ethereum, analysts believe that without institutional demand for the asset, a new historical maximum of the coin will not appear on the horizon.
Solana's capitalization has exceeded $94 billion. The altcoin has once again surpassed Binance's BNB token (BNB) and taken fifth place in the overall ranking of the largest cryptocurrencies from CoinMarketCap. At 12:00 Moscow time on May 14, SOL is trading at about $181.4. Over the past day, the asset has risen in price by 4%.
Solana's historical maximum ($294) was recorded on January 19, the day the Official Trump (TRUMP) memcoin was launched by the team of US President Donald Trump. Before listing on mainstream exchanges, the TRUMP token could only be purchased through Solana-based DEX platforms, which likely spurred demand for the SOL itself needed to pay fees.
Around the same time, the Solana memecoin hype was at its peak, with the Phantom wallet entering the top 20 in the US App Store and up to 70,000 new tokens being launched daily via the PumpFun platform. Since then, many have lost up to 90% of their value (compared to their January highs), but some have rebounded significantly in May.
The total capitalization of the crypto market has grown by 1.7% over the past 24 hours, to $3.35 trillion. Bitcoin has risen by 0.2% and is hovering around $103,000. Leading cryptocurrencies have also shown growth.
Ethereum (ETH) has grown in price by 5% in a day, to $2,580. On the night of May 14, it exceeded $2,700 for the first time since February 24, having risen in price by 50% since May 8.
Earlier, experts noted that this growth of the largest altcoin may be empty from a fundamental point of view and based "on the political steps of one person" - Donald Trump. Noting the weak capital inflows into spot exchange-traded funds (ETFs) on Ethereum, analysts believe that without institutional demand for the asset, a new historical maximum of the coin will not appear on the horizon.
