As of December 25, SOL’s price sits at $110.91, with a market capitalization of $47.5 billion. In a surprising turn of events, Solana recently surpassed both XRP and BNB in terms of market cap, with XRP now at $33 billion and BNB at $40.5 billion. Over the past 7 days, the value of Solana has experienced a staggering 59.40% increase, according to data from CoinGecko. Currently, there are 427.47 million SOL in circulation.
The rise of Solana has also captured the attention of Google users. Over the past two months, the search interest for “Solana” has been steadily increasing. This coincided with the explosive growth of the asset and the associated meme coins. In October, the search rate for Solana was 14, but by December, it reached 49.
Not only has Solana caught the attention of individual investors, but also industry experts. ARK Invest CEO, Catherine Wood, praised Solana for its speed and affordability compared to Ethereum, stating that it “does a really good job.” Similarly, Arthur Hayes, the former CEO of BitMEX cryptocurrency exchange, expressed his interest in seeing SOL’s price reach $100. However, he later revealed that he had sold all his SOL holdings and invested in Ethereum instead.