Solana (SOL) has surged past $25 in the early hours on Friday, hitting a three-month high of $26.84 and returning to levels not seen since July.

At press time, SOL is up 12% over the past 24 hours, and as much as 26% over the last week, according to data provided by CoinGecko.

The move has squashed bears in their tracks, too, with data from CoinGlass showing more than $6.2 million in short positions liquidated overnight.

Billed as an “Ethereum killer,” Solana is a proof-of-stake blockchain network atop which developers can spin up various decentralized finance (DeFi) and non-fungible token (NFT) projects.

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Author: Andrew Asmakov

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