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Solana NFT sales surge boosts Magic Eden as Ethereum demand cools
Solana (SOL) price has done well in the past few months as demand for its token and its ecosystem rose. The SOL token surged to a high of $126 on Tuesday, much higher than the post-FTX collapse low of $8.32. This rally has made it the fourth-biggest cryptocurrency in the world after Bitcoin, Ethereum, and Tether. Solana’s price action has coincided with the remarkable rally of its ecosystem tokens. Bonk, its biggest meme coin, has risen by more than 7,000% from its lowest point in 2022. Similarly, other tokens like Solend, Raydium, and Orca have also spiked. The market share of Solana in various blockchain ... (full story)