“Ethereum killer” Solana is on track to join the prestigious “$100 billion club,” according to Bitwise CEO Hunter Horsley.
The market capitalization of the fourth-largest cryptocurrency currently stands at $96.8 billion. The token is up by 1.3% over the past 24 hours.
Earlier this year, Solana found itself at the center of a meme coin frenzy. According to data provided by Dune Analytics, Pump.fun, a Solana-based meme coin factory, has logged $1.9 billion in volume over the past two weeks. Moreover, the popular token issuer has now surpassed 1.1 million in total SOL fees. More than 3.1 million tokens have now been issued on the hugely successful platform.
Despite its meme cred, Solana is also gaining stronger institutional acceptance in the U.S. As reported by U.Today, there are also several pending proposals to launch a Solana ETF in the U.S. The…
