Solana briefly crossed the threshold of $ 180, when it rose 4.3%. This is the first time Soul has exceeded $ 180 since its Libra-inspired recession.
On 21 February, Solana (Sol) reached a daily high level of $ 180.19. The last time the token reached beyond $ 180 threshold, on 18 February, before it fell below $ 170. It experienced a brief rebound of 4.3% around 09:30 UTC, but has retreated slightly by about $ 178.
According to data from crypto.news, Solan has increased by about 3% in the last 24 hours. The token is currently trading at $ 178.79. In the previous month, Solana has been in a recession, a decline of over 30%.
Solana’s market cap is currently $ 87 billion, with a completely thin assessment of $ 105 billion.
Not only this, Solana also returned to the trading volume. As Defee lamaSolana retrieves the top spot between the dex chain with $ 2.3 billion, crossing the Benance Smart Chen (BNB), Etharium (Ath) and Base (Base). After February 18, Solana lost its location as the largest series by Dex Volume for two consecutive days.
The recent collapse of the Solan-based Meme Sikka Tula (Libra), promoted by Argentine President Xavier Mile, proved to be disastrous for the Solana ecosystem and Mem coin market. The token crashed up to 95% in the first few hours after its launch. At the same time, Libra’s market cap fell by $ 4.4 billion.
According to Nansen ReportSolana’s liquidity was suffering due to the collapse of Libra, with liquidity outflows from $ 12.1 billion to $ 8.29 billion. After Libra’s collapse, Solana also experienced a 15% decline in the price, as many investors began to doubt the stability of future release and trading meme coins.
