Solana Reaches New All-Time High of $260 After 1,111 Days
SOL reached $260 for the first time, triggering celebrations among supporters and criticism of Solana skeptics. Previous coverage discussed Solana's recovery from a significant post-FTX sell-off; this segment presents key data highlighting Solana’s milestone.
1,111
Days between Solana’s first and second all-time highs. This duration is shorter than the approximately 1,200 days it took Bitcoin to set its second price record.
$294.42
Solana’s previous all-time high adjusted for inflation, according to Bureau of Labor Statistics data. The current price of $263 reflects reduced purchasing power.
7.72%
The ratio of one Solana token to one Ether token, which also set an all-time high yesterday. Previously, when Solana last hit an all-time high, it represented only 5.7% of one Ether.
$2.4 billion
The value of SOL tokens purchased by Galaxy Trading from the FTX estate at today’s prices. Galaxy Digital acquired $620 million in SOL at $64 per token in April, while SOL was trading around $172 at that time.
80%
Percentage of Solana decentralized exchange activity involving memecoins yesterday. These speculative tokens have significantly contributed to Solana's increased volume and demand for blockspace, viewed by founders as a “stress test” for onboarding more substantial financial activities.
1,150%
Price appreciation of SOL from when Robinhood delisted the token in June 2023 to its reintroduction last week. Following regulatory concerns, Robinhood users experienced substantial gains during the absence of SOL on the platform.