Solana made a big leap, climbing 17% to hit $188.
This pushed it above Binance Coin (BNB), making it the fourth-largest cryptocurrency by market cap.
SOL Gains Amid Potential ETF Hopes
There’s a lot of chatter that SOL’s recent boost might be linked to political factors in the U.S. With former President Donald Trump leading in polls, a crypto-friendly administration could be back on the cards, some believe.
If so, Solana could be in line for an ETF approval, a move that would open new doors for the token. Syncracy Capital’s Daniel Cheung even hinted that a favorable outcome in the elections could eventually push SOL close to the $1,000 mark.
That’s quite an optimistic view, but it’s caught the attention of investors.
