Solana Hits All-Time High of $270 Amid Massive DEX Volumes and Cross-Chain Inflows
The post Solana Hits All-Time High of $270 Amid Massive DEX Volumes and Cross-Chain Inflows appeared on BitcoinEthereumNews.com.
Solana ($SOL) has surged past its previous all-time high, reaching $270 and solidifying its position as one of the top-performing blockchain networks. This milestone reflects growing investor confidence and the network’s increasing utility. JUST IN: Solana $SOL surpasses an all-time high of $270. — Watcher.Guru (@WatcherGuru) January 18, 2025 TRUMP Memecoin Fuels Record DEX Volumes A significant driver behind Solana’s recent surge is the explosive popularity of $TRUMP, a memecoin linked to President-elect Donald Trump. Within the last 24 hours, Solana’s decentralized exchanges (DEXs) recorded an astonishing $12.9 billion in trading volume, largely attributed to $TRUMP’s market activity. This unprecedented volume highlights Solana’s capacity to handle large-scale transactions efficiently, further boosting its appeal to traders and developers. 🚨JUST IN: $TRUMP, a Solana-based memecoin linked to President-elect Donald Trump, has driven Solana DEX volumes to $12.9B within 24 hours! pic.twitter.com/MS07Mekp8q — Cointelegraph (@Cointelegraph) January 18, 2025 Unprecedented Cross-Chain Inflows Solana has also witnessed its largest-ever daily inflow from other blockchain networks, with over $135 million pouring into the ecosystem within the last 24 hours. This influx signals a shift in user preference toward Solana, driven by its high-speed transactions and low fees compared to competitors. 📊BREAKING: @Solana records its largest-ever daily inflow from other chains in the past 24 hours! Inflow: $135 million+ pic.twitter.com/53G8iL2r0l — SolanaFloor (@SolanaFloor) January 18, 2025 Analyst Predicts Major Upside for Solana According to crypto analyst Ali Martinez, Solana has broken out of a cup-and-handle pattern, a technical indicator often associated with bullish price action. Martinez forecasts a potential upside target of $4,700, suggesting that Solana could experience further growth in the near term. #Solana $SOL has broken out of a cup-and-handle pattern, signaling a potential upside target of $4,700! pic.twitter.com/CHgpw0hcwh — Ali (@ali_charts) January 18, 2025 Looking Ahead With its record-breaking performance and expanding ecosystem, Solana…
Filed under: News - @ January 20, 2025 11:20 am