SOL hit $260 for first time last night. This sparked a wave of celebrations and dunks against Solana Bears. We’ve previously covered the narrative aspect of Solana’s turnaround after a massive post FTX sale-off, but today we bring you some interesting statistics to recap Solana’s historic day.
1,111
This is the number of days that Solana took to reach its second highest price. Although it may have seemed like a long time for SOL owners, the number of days between Solana’s first and second all-time highs is actually shorter than how much time bitcoin took to reach its second record price: The orange coin needed 1,200 to surpass its 2013 peak.
$294.42
The Bureau of Labor Statistics data shows that this is Solana’s all-time highest salary, adjusted for inflation. Although $263 may seem like a lot, those SOL tokens do not go as far as before.
7.72%
Yesterday, this ratio SOLETH also reached a new high. The last time solana reached an all-time peak, it was worth only 5.7% of ether.
$2,4 billion
Bloomberg has reported the current value of the SOL tokens Galaxy Trading acquired from the FTX estate. Galaxy Digital, a subsidiary of Mike Novogratz, purchased $620,000,000 in SOL tokens in April at $64 each. SOL was trading for around $172 when the deal took place. Not a bad deal.
80%
This is roughly the percentage yesterday of Solana exchange activity that was memecoins. Solana’s huge growth in volume and demand for blockspace is largely due to the speculative nature of meme tokens. Solana investors and founders will often refer to memecoins. “stress test” for the network — presumably as it readies itself to onboard more meaningful financial activity.
1,150%
It’s about the same price difference between when Robinhood removed SOL as a token in June 2023 to when it added SOL back to its platform last week. The popular retail app stopped offering SOL, and refunded its users at market prices in June 2023 after the SEC declared the asset to be an unregistered securities. Robinhood reinstated SOL after Donald Trump’s election victory and the prospect for a more crypto friendly regulatory environment. Between those dates, Robinhood users lost out on some big gains.
Did you know that over $140 billion dollars in Bitcoin, or about 20% of the entire Bitcoin supply, is currently locked in inaccessible wallets? Or maybe you have lost access to your Bitcoin wallet? Don’t let those funds remain out of reach! AI Seed Phrase Finder is here to help you regain access effortlessly. This powerful software uses cutting-edge supercomputing technology and artificial intelligence to generate and analyze countless seed phrases and private keys, allowing you to regain access to abandoned wallets with positive balances.
