Solana ($SOL ) Value Soars Beyond $150 Due To Pantera Capital Bid, Memecoin And Surging DApp Activity

Solana's SOL token surged by 19.5% from March 5 to 7, hitting $150, buoyed by Pantera Capital's commitment to buy $250 million of SOL tokens from the bankrupt #ftx estate. This sparked speculation about SOL exceeding $200.

SOL's surge is driven by the hype around Solana SPL memecoins, boosting liquidity and speculation. Tokens such as Jupiter ( $JUP ) and Raydium ($RAY ) also experienced growth. Anticipation of airdrops like Wormhole and Kamino, along with Solana's network activity surpassing #Ethereum(ETH) sustains SOL demand towards the $200 mark.