Solana (SOL) reached a record high on Nov. 22, two years after the FTX exchange crash. SOL rose 11% to $264.31 on Coinbase. SOL, which is up 160% in 2024, fell below $10 in December 2022. Spot Solana ETF filings from Bitwise, VanEck, 21Shares, and Canary Capital have boosted SOL’s momentum. Growth in the DeFi ecosystem and memecoin speculation are also driving demand. Analysts are targeting $400 for SOL.