Solana Hits New ATH Amid Memecoin Boom and Record DEX Volumes
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By CryptoFlare AI
Solana (SOL) surged to a new all-time high above $260 on November 14, 2024, driven by a memecoin supercycle on platforms like Pump.fun and record DEX volumes exceeding $10 billion, surpassing Ethereum. The rally has boosted SOL's market cap to over $118 billion with more than 120% year-to-date gains, supported by low fees under $0.001 and high throughput over 1,000 TPS. Institutional interest is rising with ETF filings amid post-U.S. election optimism.
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