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Solana Blasts Off as Post-Election Euphoria Grips Crypto Markets

SOL’s on a roll, folks. This week, the ex-FTX-linked token muscled up to a whopping $214—a price not seen since back in its 2021 glory days. That’s a mind-bending 2,500% from the dark pit of $8.30 it hit after FTX’s crumple back in ’22. Yeah, sure, it’s cooled off to $210 now, but that’s still a 5% spike today and 29% over the week. Crypto scribes? They’re glued to this one.

According to CoinGecko, SOL’s monthly climb is at 44%, fueled by fresh hopes post-election. With Donald Trump sealing another term, the market’s in overdrive. The word on the wire? That new SEC lineup under Trump might just bless the space with a spot Solana ETF. So SOL’s on the up—alongside Bitcoin, which pushed past an all-time high to $81k this weekend, flashing its comeback teeth.

Post-Election Fever Sends Solana Shooting

Solana’s not riding alone, but it’s one of the speedsters. While BTC and a slew of alts are surging, SOL’s going gangbusters, outpacing the big dogs. Why? Some say it’s the mix of political winds and market mania. A Trump presidency means pro-crypto vibes at the helm, and the potential shakeup at the SEC could flip the game. With whispers of a new SEC head, Solana optimists are betting the coin’s “unregistered security” debate might soon be six feet under. An ETF nod would be the icing on this SOL cake, bringing in big suits and fresh cash flows.

From Rock-Bottom Gloom to Meteoric Rise

Let’s talk ‘bout that FTX crater Solana fell into. When FTX nosedived, SOL tanked from the heat, slamming down to $8.30, sending devs and degens reeling. The fall was swift and brutal, especially with Sam Bankman-Fried in the picture. To some, Solana’s crisis was existential, the kind of nosedive that leaves scars.

But just when the market had it written off, SOL started crawling back early in ’23. By year’s end, it edged past $100, showing it still had gas in the tank. Now, the token’s just 20% shy of its all-time high from back in the golden days. With the potential SEC rehaul and the ETF dreams looming large, SOL’s showing it’s got more than a few miles left on the clock.