Cryptocurrency Solana SOL/USD has soared in value in recent days, driven by companies filing to launch Solana ETFs, the continued strength of meme coins, and optimism for the crypto sector.
On Nov. 21, Solana hit an all-time high, which comes years after the cryptocurrency was nearly left for dead and investors fled after former FTX CEO Sam Bankman-Fried was arrested.
Here’s a look back at the fall of FTX and Bankman-Fried’s arrest, which may have been a good starting point to buy Solana.
What Happened: Solana’s all-time high comes with meme cryptocurrencies once again surging in popularity and optimism that ETFs based on the fourth-largest crypto could be approved similarly to Bitcoin BTC/USD and Ethereum ETH/USD ETFs.
With a market capitalization of $121.0 billion, Solana ranks fourth trailing only Bitcoin, Ethereum and stablecoin Tether.
While Solana now trades over $200 a coin, the crypto was one of many that…
