Solana (SOL) has recently soared to its highest price in nearly two years, experiencing a remarkable 34.5% increase in just one week.

This surge has positioned SOL as the fourth-largest cryptocurrency, challenging the dominance of BNB.

However, the sudden rally raises questions about its sustainability and the factors driving this surge.

While SOL's momentum was relatively subdued in recent months compared to other cryptocurrencies like Ether (ETH) and Tron (TRX), its recent rally suggests a shift in market dynamics.

The surge in SOL has also influenced other Solana SPL memecoins, indicating broader market movement.