Solana’s market capitalization has topped $90 billion following a 10% gain on the day for SOL. This has driven token prices to just below $205, the highest level since December 2021.
Furthermore, SOL has gained a whopping 45% over the past seven days as altcoins start to move in the wake of Bitcoin’s retreat from all-time highs last week.
The big move enabled SOL to flip BNB for the fourth spot in the market cap charts, as the Binance token lost 1.5% on the day, falling to $571 at the time of writing. BNB’s market cap was $88 billion at the time of writing, ranking it fifth.
sol just flipped bnb again, balance is being restored pic.twitter.com/9ByOlFITH8
— Bluntz (@Bluntz_Capital) March 17, 2024
Memecoin Degens
Solana activity is primarily being driven by a meme coin craze as degens aped into the Book of Meme (BOME) token.
The meme coin spiked 31,000% in two days, hitting a peak price of $0.026 on March 16 before beginning its retreat.
However, as has been the case before, the
We współpracy z: https://cryptopotato.com/solana-sol-flips-bnb-but-these-altcoins-are-outperforming/
