search
Homeweb3.0Solana (SOL) Price Records a Pump of 36% in the Last 7 Days

Solana (SOL) Price Records a Pump of 36% in the Last 7 Days

Nov 13, 2024 am 01:28 AM
solana SOL All-Time High 2021

The crypto market rally has also driven up the price of Solana (SOL), which is close to its all-time high recorded in 2021.

Solana (SOL) Price Records a Pump of  36% in the Last 7 Days

The price of Solana (SOL) has recorded a pump of 36% in the last 7 days, bringing it closer to its all-time high.

Currently, SOL is trading at $222, influenced by the crypto rally sparked by Donald Trump's victory in the 2024 USA Presidential elections.

At the time of writing, SOL's price is less than 20% away from its all-time high of $260, reached in November 2021.

In terms of market capitalization, SOL ranks fourth overall, with 105.66 billion dollars.

Since November 6, Solana has overtaken BNB (which dropped to fifth place in the ranking) in market cap. BNB's market cap currently stands at 94 billion dollars.

Moving on to the last 24 hours, the price of SOL is up by 8%, while the transaction volume has increased by 23%, reaching a total of 10.86 billion dollars traded.

Apart from the general crypto rally, SOL's current price increase may also be attributed to its achievements in the DeFi, NFT, and memecoin sectors.

According to data from DefiLlama, the Total Value Locked (TVL) of Solana has reached 7.8 billion dollars. This marks a record for Solana since December 2021.

In the dApp field, Jito, Raydium, Drift, and Binance's liquid staking are contributing significantly to the 36% growth in deposits.

In the memecoin realm, the Solana ecosystem hosts some of the most famous ones, including Dogwifhat (WIF) and Bonk (BONK), which are ranked fourth and fifth, respectively, in the memecoin market cap league.

Both WIF and BONK are experiencing substantial price pumps. At the time of writing, WIF is priced at $3.20, up by 57% compared to seven days ago. BONK, on the other hand, is trading at $0.000033, up by 75% over the past week.

Solana is also seeing further growth in the Non-Fungible Token (NFT) space.

Over the last 30 days, Magic Eden, the primary NFT marketplace of Solana, registered 77,160 addresses, while OpenSea on Ethereum had only 37,940 active addresses during the same period.

The above is the detailed content of Solana (SOL) Price Records a Pump of 36% in the Last 7 Days. For more information, please follow other related articles on the PHP Chinese website!

Statement
The content of this article is voluntarily contributed by netizens, and the copyright belongs to the original author. This site does not assume corresponding legal responsibility. If you find any content suspected of plagiarism or infringement, please contact admin@php.cn
Bitcoin (BTC) Price Action: Bulls Target $100K But Must Defend Key LevelsBitcoin (BTC) Price Action: Bulls Target $100K But Must Defend Key LevelsApr 27, 2025 am 11:26 AM

Bitcoin is now trading above the $94,000 level, showing strong momentum after a sharp recovery from recent lows.

Bitcoin (BTC) Price Action: Bulls Eye $100K But Must Defend Key LevelsBitcoin (BTC) Price Action: Bulls Eye $100K But Must Defend Key LevelsApr 27, 2025 am 11:24 AM

Bitcoin is now trading above the $94,000 level, showing strong momentum after a sharp recovery from recent lows.

FloppyPepe (FPPE) Emerges as the Top Choice for Investors Seeking Smart Investment OpportunitiesFloppyPepe (FPPE) Emerges as the Top Choice for Investors Seeking Smart Investment OpportunitiesApr 27, 2025 am 11:22 AM

The cryptocurrency market offers numerous investment opportunities, with Dogecoin (DOGE) and Shiba Inu (SHIB) being popular options among meme coins.

Bitcoin (BTC) Could Reach $2.4M by 2030, According to ARK Invest's Latest ResearchBitcoin (BTC) Could Reach $2.4M by 2030, According to ARK Invest's Latest ResearchApr 27, 2025 am 11:20 AM

Bitcoin's trajectory has captured the imagination of investors, with ARK Invest's latest research update painting a transformative picture for the cryptocurrency's future.

Jed McCaleb's 2014 Departure from Ripple Was Likely Part of a StrategyJed McCaleb's 2014 Departure from Ripple Was Likely Part of a StrategyApr 27, 2025 am 11:18 AM

Jed McCaleb's 2014 departure from Ripple sparked rumors, but was likely part of a strategy.

5 Meme Coins Catching Heat: Floki Inu, Cheems, and One Undercover Gem Ready to Roar5 Meme Coins Catching Heat: Floki Inu, Cheems, and One Undercover Gem Ready to RoarApr 27, 2025 am 11:16 AM

What if the next meme coin to make serious waves isn't trending yet, but hiding in the shadows of Telegram chats and crypto Twitter threads?

The Dallas Stars have completely flipped the script on the Colorado Avalanche.The Dallas Stars have completely flipped the script on the Colorado Avalanche.Apr 27, 2025 am 11:14 AM

A clear underdog coming into the series thanks to injuries to Miro Heiskanen and Jason Robertson

Impressive Recovery in the Virtual Currency Market Continues as Altcoins Gain GroundImpressive Recovery in the Virtual Currency Market Continues as Altcoins Gain GroundApr 27, 2025 am 11:12 AM

The virtual currency market continues to display impressive recovery, with alternative cryptocurrencies gaining ground, driven by Bitcoin's recent resurgence.

Hot AI Tools

Undresser.AI Undress

Undresser.AI Undress

AI-powered app for creating realistic nude photos

AI Clothes Remover

AI Clothes Remover

Online AI tool for removing clothes from photos.

Undress AI Tool

Undress AI Tool

Undress images for free

Clothoff.io

Clothoff.io

AI clothes remover

Video Face Swap

Video Face Swap

Swap faces in any video effortlessly with our completely free AI face swap tool!

Hot Tools

Dreamweaver CS6

Dreamweaver CS6

Visual web development tools

SublimeText3 Chinese version

SublimeText3 Chinese version

Chinese version, very easy to use

Notepad++7.3.1

Notepad++7.3.1

Easy-to-use and free code editor

MinGW - Minimalist GNU for Windows

MinGW - Minimalist GNU for Windows

This project is in the process of being migrated to osdn.net/projects/mingw, you can continue to follow us there. MinGW: A native Windows port of the GNU Compiler Collection (GCC), freely distributable import libraries and header files for building native Windows applications; includes extensions to the MSVC runtime to support C99 functionality. All MinGW software can run on 64-bit Windows platforms.

SAP NetWeaver Server Adapter for Eclipse

SAP NetWeaver Server Adapter for Eclipse

Integrate Eclipse with SAP NetWeaver application server.