Solana has continued rising following last week’s U.S. election, reaching a price point not seen since SOL’s original 2021 surge—marking a nearly 2,500% rise since the coin tumbled to a grim low in 2022 after crypto exchange FTX collapsed.
SOL popped as high as $214 early Sunday, though it has dipped since to a current price of about $210.
Even so, Solana is up 5% on the day and 29% over the last seven days, pushing its 30-day rise to 44%, CoinGecko data shows.
The last time Solana was $214 was way back in early December 2021, nearly three years ago, when it was gradually trickling down after setting an all-time high of about $260 the previous month.
Solana fell fast in early 2022 and then again in late spring as a bear market started to take hold of the broader crypto industry.
Adding insult to injury was November 2022’s collapse of the crypto exchange FTX, which impacted Solana more than any other major coin due to close associations with the firm and FTX founder Sam Bankman-Fried.
Just before t
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Author: Andrew Hayward
