With the Helium community eyeing a merge of its operations to Solana, SOL has jumped around 7% over the past 24 hours.
It’s been a big day for Solana.
The ninth-largest cryptocurrency by market capitalization has risen by around 7% over the past day.
SOL, Solana’s native token, jumped from $35.2 to $38.87 early Tuesday morning. It has since retraced to $38.27 at press time.
Solana is a speedy, proof-of-stake (PoS) blockchain network that allows many of the same operations as Ethereum, including decentralized finance (DeFi) applications and non-fungible tokens (NFTs).
The most recent bullish action is supported by a massive increase in trading volume. Over the past 24 hours, CoinMarketCap reports a rise of 93.74% across Binance, FTX, Coinbase, and Kucoin. The most popular trading pair is the U.S. dollar or its stablecoin equivalents.
Stepping back even further, Solana’s token has risen by a whopping 15% over the past week. Last Tuesday, SOL was trading hands at roughly $33.
Over the...
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