news 
Solana Hits Record High Amid Memecoin Surge and Network Activity
The cryptocurrency market has witnessed a remarkable surge in the value of the Solana blockchain’s native token, SOL, which reached a record high of $293.79 over the weekend. This significant increase in price came as a result of the unprecedented interest in two new memecoins, TRUMP and MELANIA, which were launched on the Solana network.
The introduction of these tokens has sparked an enormous amount of activity within the Solana ecosystem, with some notable highlights including:
* A market capitalization peak of $142.54 billion for SOL
* Overwhelming demand leading to network congestion and subsequent transaction delays
* Phantom, a popular wallet on the Solana blockchain, processing 8 million requests per minute
While the massive growth in the value of SOL can be attributed to the success of these memecoins, it also highlights the potential for further adoption of the Solana blockchain within the broader cryptocurrency market.
Source: www.crypto-news.net
