Solana (SOL) dominates social media discussions in the crypto space after seeing a significant price rally over the past week.
According to data from the crypto analytics platform Santiment, Solana is the top trending token on Nov. 13.
Solana’s price has surged 42% over the last seven days, rallying from around $40 to over $57. This impressive upward price movement has sparked a flurry of social media activity and discussion around the Solana blockchain and its native SOL token.
Solana’s current market cap of $24.12 billion makes it the seventh biggest cryptocurrency, just behind USDC. Such a metric also makes this network more valuable than Fujitsu’s $24.16 billion market cap or Roblox’s $23.96 billion.
Santiment data shows that 51.03% of the social media discussion around Solana over the past day has been positive. This indicates strong community interest and support for Solana’s recent price gains. However, 33.19% of the social volume has been negative, likely primarily caused by its shaky fundamentals and close ties to the defunct crypto exchange FTX.