Solana Hits $275 All-Time High, Surpasses Sony's Market Cap Amid TRUMP Memecoin Surge

Jan 18, 2025, 04:09 PM

Solana (SOL) has reached a new all-time high, surpassing $270 and peaking at $275. The cryptocurrency's price surged to $272, marking a 25% increase within 24 hours. This surge has been accompanied by a rise in Solana's total value locked (TVL) to $10.33 billion, according to DeFiLlama. The increase in activity and liquidity on the Solana blockchain is attributed to the popularity of the TRUMP memecoin, which has achieved a market cap of $5.81 billion. Additionally, Solana's market cap has now surpassed that of Sony, amid discussions about potential Solana ETFs.