Here are some of the latest trending updates for Solana (SOL) in the past few hours:
Price Fluctuations: The Solana price has seen a drop, plunging 4% in the last 24 hours to trade at $176.68. The trading volume rose by 31% to $4.7 billion1.
Network Issues: Traders on the SOL network have reported a high transaction failure rate due to the network struggling to manage high volumes1.
Meme Coin Craze: There’s been a significant buzz around Solana meme coins, with one turning a $1,000 investment into $2.3 million in just 5 months2.
Market Predictions: An expert predicts a 90% gain for SOL against Ethereum (ETH), suggesting a continued surge for Solana2.
Please note that the cryptocurrency market is highly volatile, and trends can change rapidly. It’s always recommended to do thorough research or consult with a financial advisor before making investment decisions.