Despite concerns about FTX liquidation, SOL’s price has surged by over 5% in a day.
In 2023, SOL rallied by almost 102% compared to BTC’s 64% growth.
The leading altcoin Solana (SOL) has displayed significant spring in the face of liquidation concerns, as its price surges ahead with notable gains. Over the last few days, SOL has seen impressive growth, soaring by nearly 5% in the last 24 hours alone. The current SOL price is trading above the $20 range, and the daily trading volume has surged by 43% to reach $284 million. Notably, SOL has extended its weekly gains to an impressive 12%.
What makes this rally even more interesting is that it has occurred despite fears of FTX liquidating a substantial quantity of SOL tokens. This unexpected surge in investor interest in SOL signals a bullish sentiment towards the token.
Since the beginning of the year on January 1, 2023, Solana has recorded a rally of nearly 102%. This performance outpaces even that of Bitcoin (BTC), which has witness
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