Solana Hits Record $263, Surpassing Previous All-Time High

The cryptocurrency's resurgence follows a 95% crash in 2022, driven by memecoin activity, institutional interest, and a shifting regulatory outlook.

Solana (SOL) reached a new all-time high of $263, surpassing its 2021 peak of $260, marking a significant recovery after its 2022 collapse linked to FTX's downfall.
The token's price has surged over 1,150% since June 2023, when Robinhood relisted it following regulatory concerns and delisting the previous year.
Increased demand for Solana blockspace, fueled by speculative memecoin trading and growing decentralized finance (DeFi) activity, has driven the network's recent growth.
Donald Trump’s presidential election victory and the prospect of a more crypto-friendly regulatory environment, including speculation about a potential Solana ETF, have contributed to the rally.
Solana's market cap now exceeds $121 billion, with its native token representing 7.72% of Ethereum's value, a new high for the SOLETH ratio.