Solana's native token, SOL, reached a new all-time high of $260, prompting celebration among its supporters. It took less time for SOL to hit its second all-time high compared to Bitcoin. Adjusted for inflation, Solana's previous all-time high was $263. The SOLETH ratio, which represents the percentage of one Solana token to one Ether token, also reached its all-time high. SOL tokens purchased by Galaxy Trading from the FTX estate are now worth $620 million. Memecoins have played a significant role in Solana's growth, accounting for a large portion of decentralized exchange activity. Robinhood delisted SOL in June 2023 but relisted it last week, resulting in a significant price appreciation during that period.



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