🚀 Solana Breaks All-Time High! 🚀

Two years after the FTX collapse, Solana (SOL) has made an astonishing comeback, achieving a new all-time high of $264.31 on Coinbase as of Nov. 22! This marks an 11% surge in just 24 hours and an impressive 160% gain in 2024 alone.

Key Highlights:

📈 Price Momentum: SOL was at its lowest near $10 in Dec. 2022, and now it’s touching new peaks, driven by strong fundamentals and market enthusiasm.

🛠️ DeFi Growth: Decentralized finance on Solana has grown 500% in total value locked (TVL) this year, now reaching $8.8 billion, according to DefiLlama.

🪙 Memecoin Speculation: The network's ease of use has fueled a wave of memecoin activity, contributing to SOL’s soaring demand.

📑 ETF Filings: Recent filings by Bitwise, VanEck, 21Shares, and Canary Capital for Solana spot exchange-traded funds have added to the bullish momentum.

🇺🇸 Regulatory Optimism: Markets have reacted positively to news of SEC Chair Gary Gensler’s resignation and President-elect Donald Trump’s crypto-friendly outlook.

What’s Next for SOL?

With analysts targeting $400, Solana remains one of the top-performing altcoins in this bull cycle. Will it continue to shatter records? Stay tuned as the market heats up!

What’s your take on Solana’s explosive growth? Let us know in the comments!

@Vikasjangracrypto

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