Cryptocurrency Solana SOL/USD has soared in value in recent days, driven by companies filing to launch Solana ETFs, the continued strength of meme coins, and optimism for the crypto sector.

On Nov. 21, Solana hit an all-time high, which comes years after the cryptocurrency was nearly left for dead and investors fled after former FTX CEO Sam

Solana (CRYPTO: SOL) has seen some of its best days of late, driven by companies filing to launch Solana ETFs, the continued strength of meme coins, and optimism for the crypto sector.

On Nov. 21, Solana hit an all-time high, which comes years after the cryptocurrency was nearly left for dead and investors fled after former FTX CEO Sam Bankman-Fried was arrested.

Here’s a look back at the fall of FTX and Bankman-Fried’s arrest, which may have been a good starting point to buy Solana.

Solana Surges To All-Time High As Meme Coins, ETF Hopes Boost Crypto Fourth Largest Crypto Surges: Solana ranks fourth in the world by market capitalization, trailing only Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and stablecoin Tether (CRYPTO: USDT).

Solana now trades at $243.66, up 3.36% over the last 24 hours and 202.6% year-to-date.

Solana hit an all-time high of $262.63 on Nov. 21, which comes as several cryptocurrency ETFs have hit record highs. Among the top performers are ETFs focused on meme cryptocurrency Dogecoin (CRYPTO: DOGE) and Floki Inu (CRYPTO: FLOKI).

Solana, which is the fourth-largest cryptocurrency by market capitalization, could soon see ETFs based on the coin hit the market.

Solana Linked To FTX,前はsam氏逮捕時安値だった For an investor in Solana, the bankruptcy of FTX and arrest of Bankman-Fried were among the top negative headlines for the cryptocurrency sector over the last year.

Solana is one of many cryptocurrencies that saw high volatility around those events. The cryptocurrency was also linked closely to FTX, given the cryptocurrency platform’s former large position in the coin and Bankman-Fried once telling a user on Twitter, now X, that he would buy all the Solana coins he could at $3 each.

Solana hit a 52-week low of $12.3 on Dec. 12, 2022, the day of Bankman-Fried’s arrest. At its 52-week low, Solana was down 93.5% from its all-time high.

Investors who recognized that the news of Bankman-Fried’s arrest and the subsequent trial would be short-term bearish for cryptocurrency would have been able to capitalize on Solana’s price drop.

Solana Price Today vs Past Performance It’s important to note that cryptocurrency prices are highly volatile and can change significantly over short periods of time.

Investors should use caution when making investment decisions and conduct their own due diligence before investing.