Solana's Market Cap Blasts Past $100 Billion: A Crypto Comeback Story!

Solana's market cap has just rocketed back to the $100 billion club after a wild ride down from its January peak. As of July 21, the token's market cap soared to a staggering $102.6 billion, fueled by a sizzling 6.18% value surge.

The past 24 hours have been a rollercoaster for SOL, with its market cap jumping by 6.7% to hit that $102.6 billion mark, hot on the heels of a price peak at $191.52. Talk about a wild ride!

Get this: it's the first time in 2025's second half that SOL's market cap has smashed through the $100 billion barrier. The last time we saw these numbers was back in January when SOL hit an all-time high of $117 billion, with a price tag of $293.31 on January 19. Insane!

Remember November 2024? SOL was chilling at the $100 billion mark before the crypto market took a nosedive thanks to Trump's blanket tariffs. What a twist!

Right now, SOL is strutting its stuff at number six on the list of top cryptocurrencies by market cap. It's breathing down Binance Coin's (BNB) neck, just $9 billion behind at $111 billion. And hey, Solana's leaving USD Coin (USDC) in the dust by a whopping $40 billion margin.

Solana's Epic Comeback to the $100B Club

Solana's market cap is skyrocketing, all thanks to its token's price gains. SOL has been on a tear lately, rallying by 25.7% in the last two weeks and a mind-blowing 34.8% over the past month. And in the past 24 hours? A solid 6.7% boost.

Right now, SOL is trading at $191.29. The last time it hit above $190 was back in early February, and it's been a wild ride to get back here.

What's driving this epic surge? The newly launched REX-Osprey SOL + Staking ETF is a big player, nearing $100 million in assets and dishing out those sweet, sweet staking rewards. Institutional interest is on fire!

The REX-Osprey SOL + Staking ETF has been pulling in cash every week since its launch, now holding a cool $99.7 million in assets. That's some serious mojo!

But wait, there's more! Institutional demand for SOL is ramping up like crazy, with companies like SOL Strategy and DeFi Development Corp gobbling up SOL for their staking and treasury strategies. The future's looking bright for Solana!