SOL’s price is up more than 16% over the last 24 hours.
The Ethereum-killer has also dwarfed the price performances of BTC and ETH.
Technical indicators suggest that SOL’s move may be reaching its peak.
Solana (SOL) may be rising from the ashes following the FTX downfall. According to CoinMarketCap, the Ethereum-killer has risen a remarkable 16.14% over the last 24 hours. This has also taken its weekly price movement to over 32.86%, at press time. As a result, SOL is now changing hands at $13.55.
SOL’s price has also overshadowed that of the two crypto market leaders, Bitcoin (BTC) and Ethereum (ETH), by 14.94% and 12.94%, respectively.
Trading volume for the altcoin has also surged over the last 24 hours. Currently, the total daily trading volume for SOL is up 117.93% – taking the total to $1,401,640,190.