Solana’s (SOL) price has set a new record, surpassing its previous all-time high of $260. The increase occurred after the U.S. presidential election win of crypto candidate Donald Trump and the announcement that SEC Chairman Gary Gensler will resign. SOL is up 11% on the day, 23% over the last week, and 55% on the month, showcasing a one-year surge of 386%.
The token experienced its previous high-price peak in 2021, but its value fell due to a crypto bear market and technical issues. Since then, Solana has made significant progress, drawing developers and expanding efforts into mobile phone hardware and apps.
