-SOL is up 8.5% from a 40-month low and now stands at 153.7 billion pounds with a market value of 771.8 billion. SOL, the Solana token, is currently trading at 153.50, which represents a 1% increase on the day, but compared to last week, it traded up more than 16% after the cryptocurr
ency collapsed on Monday.The recent increase in Solana's price is due to news that #cryptocurrency bank Anchorage plans to support SOL-based tokens using the #Solana Program Library (SPL) standard. This support includes well-known tokens such as stablecoins USDC, Helium (HNT), Wormhole (W), Pyth (PYTHON) and Metaplex (MPLX).
There has been a surge of activity on the Solana blockchain. Users have made more than 500 million transactions trying to buy ore, which is a cryptocurrency designed to mimic the #bitcoin mining algorithm but runs on the Solana platform.
Unlike traditional mining, ore ore ore provides miners with customized tasks and rewards for solving these puzzles.
Solana memcoins have risen in price by more than 30% in the past 24 hours, leading to a recovery in the cryptocurrency market. This comes as #SOL , the network's main token, recovers from previous losses.
Tokens such as cat popcat (POPCAT) and dog dogwifhat (WIF) rose 25% before pulling back slightly, while smaller tokens such as MUMU and catdog (CATDOG) rose 30%.
Overall, Sol is up 8-5% from a low of 110 on the 40th and has strengthened after testing the 140 level. Solana has gained 12% in the last 24 hours and is currently trading154 with a market value of $771.8 billion.
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