Solana's SOL Crosses $75 Billion Market Cap High Amid Meme Coin Frenzy
Solana's SOL has surpassed its previous market capitalization high of $75 billion, driven by the recent meme coin frenzy. The network's activity has been rapidly growing, with SOL crossing $200 for the first time since November 2021. Despite being 22% away from its lifetime peak of $260, SOL has already broken its record market capitalization, with various metrics such as network volumes, active wallets, total value locked, fees, and market capitalization reaching lifetime peaks over the weekend. However, net inflows to the Solana blockchain have been negative, indicating that there has not been a significant influx of new money into the ecosystem.
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