Solana (SOL) has recently recorded a 6% increase and is attracting significant investment compared to Bitcoin and Ethereum. Its recovery from a low of 9 USD after the 2022 collapse demonstrates a strengthening position in the cryptocurrency market.
The boom of MEME coins on Solana has propelled new investments into the platform. As the primary currency for these transactions, SOL’s price surged to 263 USD on November 23, reflecting robust interest from investors.
Investors in SOL have reported profits totaling 13.7 billion USD from short-term holdings, escalating to 15.7 billion USD for long-term holders. This illustrates a balanced distribution in the market as Solana maintains a strong capital inflow.