Solana, which has performed well despite its relationship with FTX and its founder Sam Bankman-Fried, which made a big impact with its bankruptcy in November 2022, cannot get enough of the rise.
Solana, which dropped to $8 after the FTX crash, experienced a tremendous rise in 2023 and continues to do so.
While everyone was expecting Solana to go to zero and disappear after the FTX crash, SOL managed to surprise everyone.
At this point, SOL, which has experienced an unstoppable rise since October, has reached the 100 dollar mark.
SOL, which reached a market value of 41.8 billion dollars with an increase of up to 20% in the last 24 hours, is traded at 94 dollars with a market value of 40.4 billion dollars, with a slight withdrawal at the time of writing.
This increase pushed SOL ahead of Binance Coin (BNB), with SOL surpassing BNB as the fourth largest cryptocurrency by market cap.
While this increase shows that investors' interest in Solana has increased, it also reveals that investors' demand for Solana blockchain and DeFi activities has increased.
While the SOL attracted attention with its rise, some oppressors turned this rise into an opportunity. One of them was BitMEX former CEO Arthur Hayes. In his post, Hayes announced that he sold his Solanas and bought Ethereum (ETH) instead.
*This is not investment advice.