SOL rebounds 4.3%, surpassing $180 after LIBRA fallout

Solana briefly crossed the threshold of $ 180 after increasing by 4.3%. This is the first time that Sol has exceeded $ 180 since its collapse induced by the scale.

On February 21, Solana (GROUND) has reached a daily summit of $ 180.19. The last time the token reached beyond the threshold of $ 180, it was February 18, just before it dropped even more than $ 170. He experienced a brief bounce of 4.3% around 9:30 am UTC, but has since retracted at around $ 178.

According to data From Crypto.News, Solana has increased by almost 3% in the last 24 hours. The token is currently negotiating at $ 178.79. In the last month, Solana was in crisis, lowering more than 30%.

Solana’s market capitalization is currently 87 billion dollars, with an entirely diluted evaluation of $ 105 billion.

Not only that, Solana also made a return in terms of trading volume. According to Challenge flameSolana recovered first place among the DEX channels with $ 2.3 billion, exceeding the smart chain Binance (Bnb), Ethereum (Ethn) and the base (BASE). After February 18, Solana lost its place as a larger chain in volume Dex for two days in a row.

The recent collapse of the same balance based in Solana (BALANCE), promoted by the Argentinian president, Javier Milei, turned out to be disastrous to the Solana ecosystem and the parts market even as a whole. The token crash 95% in the early hours after its launch. The market capitalization of the balance dropped $ 4.4 billion at the same time.

According to Nansen reportSolana’s liquidity suffered due to the fall in the balance, with known liquidity outings of $ 12.1 billion to $ 8.29 billion. After the collapse of the balance, Solana also experienced a drop in value of 15%, as many investors began to doubt the emission and the future sustainability of trading coins.