Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»ALTCOIN NEWS»Solana briefly joins the $100B club: What this means for SOL prices
ALTCOIN NEWS

Solana briefly joins the $100B club: What this means for SOL prices

By Crypto FlexsNovember 11, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Solana briefly joins the 0B club: What this means for SOL prices
Share
Facebook Twitter LinkedIn Pinterest Email
  • Solana hit a record high in November 2021, entering the $100 billion club.
  • Meanwhile, the derivatives market is sending warning signals.

Moonvember continues to deliver on its promises, impressing cryptocurrency enthusiasts with important milestones and momentum. One of the most notable achievements was Solana (SOL) briefly entering the exclusive $100 billion club.

Despite the excitement, SOL’s stay at the prestigious club was short-lived and its market capitalization soon fell. As of this writing, SOL’s market capitalization is $97.87 billion, up 0.51% over the past 24 hours. CoinMarketCap.

Solana in the $100 billion club

Although SOL’s market capitalization fell below $100 billion, the token continued to benefit from positive market sentiment and a strong bullish trend fueled by the 2024 US elections.

At press time, the token was trading at $207, up 0.45% over the past 24 hours. Last week, Solana, known as the ‘Ethereum killer’, recorded an impressive rise of 27.82%.

This price preceded altcoins. It reached a three-year high of $215 before a slight correction. It is also worth noting that the rally pushed SOL above $200 for the first time in six months.

Solana $100 Billion Club

Source: CoinMarketCap

Nonetheless, it is still 20% below the all-time high of $259 recorded in November 2021. Moreover, AMBCrypto’s recent analysis shows that the threat of mediation is likely to grow. Therefore, it seems difficult to regain the all-time high.

Derived data analysis

Interestingly, the $100 billion club was the second milestone Solana achieved in November. Recently, open interest (OI) hit an all-time high of $4.28 billion. reported Provided by AMBCrypto.

However, OI was down 5.18% at the time of reporting, suggesting possible profit taking or a change in market sentiment, according to data from Coinglass.

Nonetheless, volume surged 55.38%, indicating increased market activity and strong momentum. The positive funding ratio reinforced the prevailing bullish sentiment, although the long/short ratio of 0.95 suggested a slight bearish trend.

Mixed derivatives signals pointed to a market where both bullish enthusiasm and fundamental caution existed.

Unlock Solana Tokens

Meanwhile, the supply of SOL was expected to increase in the market. According to At Tokenomist, 524,030 SOL tokens worth $110.25 million were scheduled to be released in the next seven days. This amount represents approximately 0.11% of Solana’s circulating supply.

This increase in supply is relatively small and is unlikely to put significant downward pressure on SOL prices if market demand remains strong.

Solana’s achievements did not go unnoticed by major investors. Lookonchain noted that whales are actively accumulating SOL. For example, a notable whale address recently added 7,500 SOL (worth $1.57 million) to its portfolio.


Read Solana (SOL) price prediction for 2024-25


Since October 22, this whale has accumulated a total of 257,599 SOL, worth approximately $54 million, highlighting the strong interest of key stakeholders in current market trends.

Next: Hamster Kombat Soars 90% in 7 Days: A Short-Term Spike?

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

SEI tokens have soared more than 100% in June -the highest catalyst explained.

June 26, 2025

$ 438m XRP Transfer Sparks Panic- Ripple?

June 19, 2025

Solana Price Eyes 103% Rally $ 300: Here is the reason.

June 12, 2025
Add A Comment

Comments are closed.

Recent Posts

Last Opportunity-The bonus stage of the light chain AI begins after closing all 15 pre-sales stages.

June 29, 2025

Its Important To Know What’s Really Going On?

June 29, 2025

Elon Musk, SpaceX And Crypto Hype: What’s Really Going On?

June 28, 2025

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Last Opportunity-The bonus stage of the light chain AI begins after closing all 15 pre-sales stages.

June 29, 2025

Its Important To Know What’s Really Going On?

June 29, 2025

Elon Musk, SpaceX And Crypto Hype: What’s Really Going On?

June 28, 2025
Most Popular

Two Ethereum-based altcoins witness sharp surge in whale activity amid market-wide rebound: Santiment

May 22, 2024

Asia Express – Cointelegraph Magazine

December 15, 2023

Secure Social Recovery Module – Ackee Blockchain

August 20, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.