Solana (SOL) has broken its previous all-time high (ATH) of $259.52, reaching a new peak of $264 today, up 8.87% in the last 24 hours. The rally follows a period of explosive growth, with Solana trading between $150 and $160 just a week ago, before surging more than 35% to break above the $200 mark.
As of this morning, SOL is priced at $262, showing strong momentum. The market cap is currently valued at $124.58 billion and the 24-hour trading volume stands at $11.05 billion, surging 60%,
The recent surge is largely fueled by impressive on-chain activity. During the week of the US election, Solana recorded an astounding 172 million transactions, signaling a significant boost in network adoption. The project has continued its upward trajectory, now eyeing the $300 target.
Despite potential profit-taking as prices rise, Solana’s outlook remains promising. Analysts suggest that breaking through the $245 resistance could see SOL challenge its 2021 ATH of $259.52, and even reach the $300 mark in the coming weeks.
As the crypto market continues evolving, Solana’s growth reflects the rising interest in fast, scalable blockchain networks. If the current momentum holds, SOL may be on the verge of an even bigger breakout.
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