Solana (SOL) has recently surpassed BNB to become the 4th largest cryptocurrency in terms of market cap.
This achievement has led to a significant price surge, with SOL gaining 8% in the past 24 hours. The momentum behind Solana, often referred to as the "Ethereum killer," has been fueled by its recent meme coin boom, showcasing its potential for mainstream adoption.
Institutional interest in Solana is also on the rise, with investment firms like VanEck and 21Shares looking to launch Solana-based ETFs. While regulatory approval may take time, the overall market sentiment remains positive, with Bitcoin hitting new highs and other major cryptocurrencies showing strong performance.
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