Solana hits highest price since FTX incident...up more than 28% in a week

Solana (SOL) hit its highest price since the FTX incident. As of 4:20 pm on the 11th, the domestic Solana price on the BitSum basis was up 1.15% from the same time the previous day.
Although the increase has slightly decreased, the increase rate from a week ago exceeded that of Bitcoin. Solana was trading at a price that was about 28% higher than on the 4th, just before the US presidential election.
During that time, Bitcoin rose 17%. It also recorded its highest price since the "FTX incident" in November 2022 last year. On this day, the price of CoinMarketCap and overseas Solana
The price of Solana has soared to $214 (approximately 32,892 yen). This is the first time the price of Solana has reached $214 since December 2021, when the prices of major virtual assets were gradually declining after a period of bullishness.
Solana was publicly supported by Sam Bankman-Fried, head of the bankrupt exchange FTX, and has experienced a major drop since FTX.
, It has gradually started to rise again since last year, and on this day it reached a new high since the FTX incident. However, Solana's previous high was $260, recorded in November 2021.
The rise is due to the election of former President Donald Trump as president, who is expected to implement policies friendly to crypto assets.
The proposal raises the possibility that Solana's physical exchange-traded index fund (ETF), currently being filed with the Securities and Exchange Commission (SEC), may be approved.
In addition, under current SEC Chairman Gary Gensler, the SEC once considered Solana to be a security.
Given that President-elect Rump has made the dismissal of Chairman Gensler one of his campaign pledges, the SEC's tone toward Solana is expected to change.