Solana (SOL) has climbed back into the fifth spot on CoinMarketCap, surpassing Binance Coin (BNB) in market capitalization. The price of SOL recently broke past $180 — its highest level since mid-February — marking a significant recovery after dropping below $100 in April. Since the crypto market rally began on May 8, SOL has gained approximately 30%. Solana’s market cap has now exceeded $94 billion, helping it edge out BNB in the rankings. The token’s all-time high of $294 occurred on January 19, coinciding with the launch of the TRUMP memecoin by Donald Trump’s team. Initially available only through decentralized exchanges (DEXs) on the Solana network, the TRUMP token may have contributed to increased demand for SOL due to its use in covering transaction fees.

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