Posted 3/18/2024, 8:03:00 AM
Solana Soars to New Highs as Meme Coin Frenzy Drives Record Network Growth
- SOL crossed $200 for the first time since November 2021 as network activity grows due to meme coin frenzy
- SOL market cap exceeded previous record of $75 billion
- Various Solana network metrics like volumes, active wallets, fees hit all-time highs over the weekend
- Network activity likely driven by retail traders chasing new meme coins and presales
- SOL was trading at $202 Monday morning, up 10% since Sunday as bitcoin hovered around $68,000
