Solana continues to show its strength amid the growing cryptocurrency market, surpassing the market capitalizations of giants like Airbus and Boeing.
SOL Market Cap
According to 8marketcap, Solana's market cap has reached $142.3 billion, surpassing Airbus's $130.47 billion and Boeing's $128.01 billion. Solana is ranked 133rd among global financial assets by market capitalization. Yesterday, its capitalization was $127.4 billion, but today it increased by 11.7%, overtaking competitors like Blackstone and Airbus, just below Honeywell International Inc.
Solana Price Analysis
The market valuation surge aligns with Solana reaching a new ATH of $293.31. This jump is primarily tied to the recent launch of the meme coin Official TRUMP on the Solana protocol.
Factors Impacting SOL's Price Rise
The key factor fueling SOL’s price increase is the launch of the Official TRUMP token, which stirred excitement in the digital asset realm. Within the third trading minute, its market cap hit $14.5 billion, and trading volume surged 300% to $1 billion.
Solana continues to strengthen its position in the cryptocurrency market, with significant growth in both market cap and price. Innovations such as new token launches fuel user interest and increase confidence in this asset.
