Summary
TLDR: Solana reached a new all-time high of $141.15 despite Bitcoin’s dip. The surge in Solana’s price was driven by meme coins like BONK and Dogwifhat, with trading volume hitting $9.5 billion. Meme coins like BODEN also gained popularity but saw a short-lived rally. Solana co-founder Anatoly Yankovenko believes meme coins can become culture coins and even stores of value in the future.
Key Points
1. Solana reached its highest price since January 2022, hitting $139.96 earlier this week.
2. Despite Bitcoin slipping below $67,000, Solana’s price surged past previous highs, reaching $141.15 and gaining 6% since yesterday and 7% since last week.
3. The recent increase in trading volume for Solana is attributed to the popularity of meme coins like BONK and Dogwifhat, which collectively saw over $1 billion worth of trading volume.