According to BlockBeats news on November 22, data from HTX market shows that SOL first touched $260, setting a new all-time high after 1100 days, with a 24-hour increase of 11.98%.
Solana (SOL) reached an all-time high of $259.9 on November 6, 2021. At that time, the Solana ecosystem was deeply integrated with the well-known trading platform FTX, and SOL itself was highly regarded by prominent figures in the cryptocurrency space, particularly SBF, the founder of FTX. However, with the end of the Federal Reserve's interest rate hikes and the conclusion of the bull market in 2021, the cryptocurrency sector was significantly impacted by the collapses of LUNA and Three Arrows Capital in 2022. FTX was also affected and ultimately collapsed at the end of 2022, causing SOL to drop to as low as $8.
