Continuing a massive comeback from a crypto winter price collapse of more than 95%, (SOL), the native token of the Solana blockchain, has shattered its all-time high reached in October 2021.
Now having survived 2022's near-fatal blow, Solana is benefitting from multiple catalysts, including bustling meme coin trading and surging decentralized finance (DeFi) activity on the network, as well as increasing institutional interest.
Of that institutional interest, the odds of there soon being a U.S.-based spot Solana ETF have increased greatly with the election of crypto-friendly Donald Trump two weeks ago.
Earlier Thursday, crypto foe and SEC Chairman Gary Gensler announced his intention to fully resign from the commission on Jan. 20 as Trump takes office.
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