The price of Solana ($SOL) has moved up nearly 30% over the last seven days to now trade above the $26 mark, as the cryptocurrency has been quickly recovering from the collapse of FTX, and as developers keep building on it.
According to available market data, Solana has been outperforming most other top digital assets over the last few weeks, going from a low under the $10 mark late last year to its current level amid a wider market recovery.
Solana currently has a market capitalization of $9.96 billion, making it the 11tth largest digital asset by the metric, above Polkadot ($DOT), which has a market capitalization of $8.7 billion, but below the meme-inspired cryptocurrency Dogecoin ($DOGE), which has an $11.73 billion market cap. SOL has notably been outperforming DOGE.
While DOGE’s movements have been smaller, the cryptocurrency has seen some noticeable whale accumulation. As CryptoGlobe reported, a massive whale on the network has recently accumulated a significant number of tokens, to the point they are now the 20th largest wallet on the cryptocurrency’s blockchain, with over 700 million DOGE.
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