SOL Surges 13% as Solana NFTs Overtake Ethereum, BONK Up 26%
SOL, Solana's native cryptocurrency, experienced a double-digit surge, reaching as high as $73.85, marking a new 19-month peak.
Although SOL is still below its all-time high of nearly $260 in November 2021, the recent rebound is notable, considering the cryptocurrency fell to almost $8 in late 2022. As of the latest data, SOL is valued just above $73, reflecting a 13% increase in the last 24 hours.
BONK, a meme coin on the Solana network, has seen a significant surge, setting a new all-time high price of $0.00001314.
Despite a slight decrease to $0.00001230 at the time of writing, BONK posted a 24% gain in the past 24 hours and tripled in price over the last seven days. Over the past month, BONK's value increased by an impressive 982%, bringing its market cap to $747 million.
The JTO token, distributed through the Jito airdrop to early users on the Solana DeFi platform, experienced a 72% price increase over the past day, reaching $3.35 per token. The Jito airdrop, valued at $225 million, contributed to the positive sentiment around the Solana ecosystem.
Solana's NFT market has witnessed significant growth, with projects like Mad Lads and Tensorians experiencing dramatic price increases. The collective trading volume of Solana NFTs surpassed that of Ethereum, traditionally the leading chain for NFT volume and high-value projects.
Solana NFTs recorded $14.8 million worth of trades in the past 24 hours, outpacing Ethereum, which had about $13.9 million in NFT trades. Solana's NFT volume saw a notable 92% increase in the past day.
#Web3.0 #NFT #Blockchain #Crypto #Cryptocurrency #AI #Metaverse #OpenSea #AR