SOL Reaches $260 for the First Time, Hits New All-Time High After 1100 Days

BlockBeats News, November 22, according to HTX market data, SOL first touched $260, setting a new all-time high after 1100 days, with a 24-hour increase of 11.98%.

Solana (SOL) had previously hit a historical high of $259.9 on November 6, 2021. At that time, the Solana ecosystem was deeply integrated with the well-known exchange platform FTX, and SOL itself was highly praised by the then-cryptocurrency leader, FTX's founder SBF. However, as the Fed raised interest rates to end the 2021 bull market, the cryptocurrency sector was successively affected in 2022 by incidents such as LUNA's drop and Three Arrows Capital's liquidation. FTX was also impacted and eventually collapsed at the end of 2022, causing SOL to plummet to $8 at one point.