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<img width="5760" height="3840" src="https://coingape.com/wp-content/uploads/2023/12/cryptocurrency_Solana_Diamond_Visuals_Alamy-1-3.jpg" class="attachment-full size-full wp-post-image" alt="Solana's DEX Platforms" decoding="async" style="float:right; margin:0 0 10px 10px;" srcset="https://coingape.com/wp-content/uploads/2023/12/cryptocurrency_Solana_Diamond_Visuals_Alamy-1-3.jpg 5760w, https://coingape.com/wp-content/uploads/2023/12/cryptocurrency_Solana_Diamond_Visuals_Alamy-1-3-300x200.jpg 300w, https://coingape.com/wp-content/uploads/2023/12/cryptocurrency_Solana_Diamond_Visuals_Alamy-1-3-1224x816.jpg 1224w, https://coingape.com/wp-content/uploads/2023/12/cryptocurrency_Solana_Diamond_Visuals_Alamy-1-3-768x512.jpg 768w, https://coingape.com/wp-content/uploads/2023/12/cryptocurrency_Solana_Diamond_Visuals_Alamy-1-3-1536x1024.jpg 1536w, https://coingape.com/wp-content/uploads/2023/12/cryptocurrency_Solana_Diamond_Visuals_Alamy-1-3-2048x1365.jpg 2048w, https://coingape.com/wp-content/uploads/2023/12/cryptocurrency_Solana_Diamond_Visuals_Alamy-1-3-150x100.jpg 150w, https://coingape.com/wp-content/uploads/2023/12/cryptocurrency_Solana_Diamond_Visuals_Alamy-1-3-272x182.jpg 272w" sizes="(max-width: 5760px) 100vw, 5760px">
<p>The unstoppable rally of Solana (SOL) persists, achieving another 17% surge and edging closer to the <a href="https://coingape.com/markets/solana-price-prediction-december-rally-nears-100-can-sol-sustain-the-launch/" target="_blank" rel="noopener">$100 mark</a>. At the current moment, SOL is trading at $97.76, marking a 17.15% increase, with a market capitalization of $41.7 billion.</p> 
<h3 id="solana-flips-bnb-coin-for-fourth-spot">Solana Flips BNB Coin for Fourth Spot</h3> 
<p>In the latest 24-hour period, Solana (SOL) has experienced a notable surge of over 16%, reaching a market value of US$41.8 billion. This surge propels SOL ahead of Binance Coin (BNB), which stands at US$41.1 billion, securing SOL’s position as the fourth-largest cryptocurrency by market capitalization.</p> 
<p>The robust performance is not limited to market capitalization alone; SOL’s contract trading volume across the network has witnessed a substantial 32% increase, exceeding 10 billion. Additionally, the open interest in SOL contracts has reached 1.34 billion within the same timeframe, positioning Solana as the second-highest in open interest, trailing only behind Bitcoin (BTC) and Ethereum (ETH).</p> 
<p>This remarkable growth underscores Solana’s increasing prominence in the cryptocurrency market, signaling heightened investor interest and activity on the Solana blockchain. Also, as per the <a href="https://defillama.com/chain/Solana" target="_blank" rel="noopener">data</a> from DeFi Llama, the total value locked on the Solana blockchain has also surged past $1.3 billion. Just over the last two months, Solana has added more than $1 billion in TVL as Defi activity picks up.</p> 
<h3 id="big-investors-selling-sol">Big Investors Selling SOL?</h3> 
<p>Solana has been on an unprecedented rally with its price up by 700% since the beginning of the year. Most of the gains came from mid-October as the Solana price jumped by 5 times over the last two months.</p> 
<p>Amid this massive run-up in a very short time, it seems that big players have been liquidating their supplies. Arthur Hayes, the co-founder of the crypto exchange BitMEX stated that he has been selling his SOL supply and purchasing Ethereum (ETH) instead.</p> 
<p>In a playful confession, Hayes said that he received a divine message from God instructing him to dump SOL. Thus, he decided to part ways with $SOL and opted to acquire more of the popular cryptocurrency, Ethereum ($ETH). The playful confession was accompanied by a note indicating that the investor now holds $ETH valued at $5,000. While this revelation is likely tongue-in-cheek, it adds a whimsical touch to the ever-evolving narratives within the cryptocurrency community.</p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr">Fam … I have a confession to make.</p> 
 <p>I received a msg from the Lord while meditating. He said dump that Sam coin POS, and profess your love for Archangel Vitalik. </p> 
 <p>So I dumped <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SOL</a>, and bot more <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a>.<a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> = $5,000</p> 
 <p>— Arthur Hayes (@CryptoHayes) <a href="https://twitter.com/CryptoHayes/status/1738008677360239091?ref_src=twsrc%5Etfw">December 22, 2023</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p>The post <a href="https://coingape.com/solana-sol-price-moves-closer-to-100-flipping-binance-coin-for-fourth-spot/">Solana (SOL) Price Shoots to $100 Flipping Binance Coin for Fourth Spot</a> appeared first on <a href="https://coingape.com">CoinGape</a>.</p>

Solana (SOL) Price Shoots to $100 Flipping Binance Coin for Fourth Spot

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