solana-24-hr-volume-rises-186%-after-traders-exchange-$1.5b-sol

Cryptocurrency 9 minutes ago (Jan 04, 2023 12:30PM ET)

Solana 24-hr Volume Rises 186% After Traders Exchange $1.5B SOL Solana 24-hr Volume Rises 186% After Traders Exchange $1.5B SOL

  • experienced a sudden 35% growth, while didn’t make 1%.
  • Crypto traders bought and sold over $1.5 billion of Solana coins.
  • Previously, the crypto community predicted that SOL would fade out due to FTX.

While the crypto market remains passive with no significant price movement, the Solana blockchain, which the crypto community predominantly believed would fade out this year, has started making surprising price movements.

Under the seven days market window, Solana (SOL) experienced a sudden 35% growth, while other popular coins like Bitcoin (BTC) and (XRP) barely had a 1% growth. SOL now trades at $13.69, having touched $8.14 last week, one of its lowest prices in the previous 90 days.

Additionally, crypto traders bought and sold over $1.5 billion worth of SOL, shooting its 24-hour trading volume by an astounding 186%.

Previously, many famous Web3 figures made fun of Solana’s fall from grace when the blockchain lost over $8 billion of market value due to its exposure to FTX.

Due to Solana’s unexpected recovery, crypto influencer Satoshi Stacker makes a joke of Jim Cramer, a famous crypto critic, who last month expressed that investors holding SOL tokens were idiots.

The post Solana 24-hr Volume Rises 186% After Traders Exchange $1.5B SOL appeared first on Coin Edition.

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