Ah, Solana. The phoenix of the crypto world, rising from the ashes of its January slump like a glorious, slightly singed bird. Its market cap, once a mere shadow of its former self, has soared past the hallowed $100 billion mark, reaching a majestic $102.6 billion. A 6.18% boost, they say. Who needs a lottery ticket when you have Solana, eh? 🤑
Crypto.news, our ever-reliable oracle, tells us that SOL (yes, that’s its name, short and sweet like a summer romance) saw a 6.7% surge in the past 24 hours. A daily price peak of $191.52? My, my, how the mighty have returned! This is the first time in the second half of 2025 that Solana has dared to dream this big. Remember January? Ah, the good old days when SOL hit $293.31 and its market cap danced with the $117 billion mark. Those were the days… 😔
November 2024? A distant memory, a time when Solana flirted with $100 billion before the crypto market took a tumble thanks to, you guessed it, Trump’s tariffs. Who needs global trade when you have crypto, right? 🙄
But fear not, dear reader, for Solana is back! It’s currently ranked sixth among the crypto giants, just a hop, skip, and a jump away from Binance Coin (BNB) at $111 billion. And let’s not forget the poor USD Coin (USDC), trailing behind by a whopping $40 billion. Solana, you magnificent beast! 🦁
Solana’s Triumphant Return to the $100 Billion Club
What’s fueling this resurgence, you ask? Well, it seems SOL’s price has been on a tear, soaring by 25.7% in the past two weeks and a staggering 34.8% in the last month. In the past 24 hours alone, it’s climbed by 6.7%, currently trading at a respectable $191.29. The last time SOL dared to breach the $190 mark? Ah, yes, early February. A lifetime ago in crypto years. ⏳
But wait, there’s more! The newly launched REX-Osprey SOL + Staking ETF, with its near $100 million in assets and tantalizing staking rewards, is attracting institutional investors like moths to a flame. Staking rewards? Institutional interest? Solana, you sly dog! 🐶
And let’s not forget the whispers of SOL Strategy, DeFi Development Corp, and other firms quietly accumulating SOL for their staking and treasury strategies. The big boys are playing, folks. The game is afoot. ♟️
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2025-07-21 15:10