SOL Coin experienced a massive rise following the FTX crash, with a 1000 percent increase from $8.5. Vitalik Buterin's comments that Solana is now free were received positively by investors. The rise gained momentum as the price broke the $27 resistance.

The rapid recovery of Bitcoin (BTC) supported the rise of SOL Coin. Additionally, factors such as being one of the most inflows among altcoins, the launch of JITO and the excessive premium trading of GSOL contributed to the rise of SOL Coin.

The rise of SOL Coin was influenced by the fact that the Solana network was fast and cheap, it was the network with the most transactions, and positive expectations for 2024. The success of BONK Coin and Solana's TVL (Total Locked Value) reaching 1 billion dollars were considered as an indicator of the revival of the network.

It was stated that after the technical breakdowns, the $80 target was exceeded and investors are now targeting the $96 and $120 levels. It was stated that optimism continues for BTC in the short term and that triple-digit prices may be possible if large SOL Coin sales do not occur.

Popular crypto analyst Evanss6 noted that Solana's emphasis on mobile accessibility is critical to attracting new users, and that the project's user experience surpasses the competition. SOL Coin's long-term potential and the growth of the network in terms of decentralized applications provide investors with optimism.