Solana Price Soars as Macro Factors Drive Rally

Solana's recent price surge has been impressive, with the token rising by 13.56% over the past 24 hours to trade at $87.81.

This move is particularly notable as it marks a break above the 20-week moving average, which had previously capped every recovery attempt since the drawdown began in January 2025.

The catalysts behind this rally were macroeconomic rather than Solana-specific, driven by events such as the Treasury doubling liquidity support buybacks for longer-dated debt and the SEC advancing a crypto exemption framework.

However, the gap between network growth and token value remains significant, with circulating supply standing at approximately 517.3 million SOL, putting market capitalization near $45.4 billion.