According to CoinGecko data, the market value of SOL has grown to $33,186,934,094, surpassing XRP's market value of $33,021,191,450, becoming the world's fifth largest cryptocurrency by market capitalization.

Fintech startup Solid is facing a lawsuit from Series B investor FTV Capital, who is seeking the return of its $61 million investment. FTV alleges that Solid's co-founders, Arjun Thyagarajan and Raghav Lal, lied about the company's revenues and customer churn. The co-founders have filed a countersuit, claiming that FTV is resorting to "made-up claims of fraud" to get its money back. Solid offers companies a way to provide their own financial products, including banking, payments, and cards, and was also offering cryptocurrency products at the time of FTV's investment in 2022.