Solana, a popular blockchain platform, recently reached an all-time high of $260, setting a new record after 1,100 days. This marks a 24-hour increase of 11.98% for the cryptocurrency. In November 2021, SOL reached $259.9, closely tied to the well-known trading platform FTX. At that time, SOL was highly respected by FTX founder SBF.
However, following the Federal Reserve’s interest rate hikes to end the 21-year bull market, the crypto industry faced challenges like the LUNA and Three Arrows Capital events in 2022. Ultimately, FTX was affected and collapsed in late 2022, causing SOL to fall to $8.
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