Solana Price Surges Past $80 Amid Market Rally

The Solana price has reached $82.23, marking an 8.8 percent increase over the past week, according to CoinMarketCap.

This surge is attributed in part to the recent market rally triggered by the US Treasury's doubled bond buybacks and new SEC token rules.

The crypto summit at the White House also contributed to the momentum, as investors traditionally rotate into direct platform competitors of Ethereum when it experiences growth.

Meme coins on Solana have seen a comeback, with Pump.fun rising 11 percent and BOME up 13.5 percent, driving more transactions and fees on the chain and increasing demand for SOL.