On January 20, 2025, Solana reached a daily network fee of 36 million USD, marking a 176% increase. The revenue also surged to 18 million USD, benefiting from the excitement around the TRUMP and MELANIA meme coins. Unfortunately, there was a downward correction in SOL’s price after hitting an all-time high.

Current funding rates indicate a shift toward bullish sentiment among traders. If this positive momentum maintains, SOL could aim to revisit its previous peak of 295.83 USD, potentially leading to new all-time highs.