Cryptocurrency Solana has soared in price, reaching a historic high of $203.56. This growth is attributed to rising market capitalization and trading activity.
Reaching Historical High
On July 22, 2025, the Solana (SOL) cryptocurrency reached a peak of $203.56, marking the first successful crossing of the $200 mark this year. However, this level was not sustained, and the price soon returned to around $199.
Increased Trading Volumes
Over the past 24 hours, Solana managed to increase its trading volumes by nearly 100% compared to the previous day. According to CoinGecko, on July 22, the trading volume for SOL hit $32.6 billion.
Growth Factors and Future Prospects
The current rally of Solana has been observed amid a general decline in prices of other cryptocurrencies. Over the week, SOL has surged by 21.9%, and over the month by 46.8%. The availability of the new REX-Osprey SOL + Staking ETF has also played a role, attracting investor interest with assets exceeding $100 million.
The current upward trend of Solana is driven not only by price recovery but also by increased investment inflows and market activity. These factors are expected to continue influencing the token's development.
