Bitcoin’s surge toward $35,000 has helped lift a number of altcoins, some of which have recorded double-digit percentage gains over the past week. Although smaller meme tokens often see a jump following a Bitcoin rally, more established altcoins have joined the party.
Solana, branded by some as an “Ethereum killer,” has shaken off a slump caused by frequent mentions in the first weeks of former FTX CEO Sam Bankman-Fried’s ongoing trial. The token notched a gain of 40% over the past week, and as of Wednesday afternoon Solana was trading at $33.28, up 8.3% over the past 24 hours, according to CoinGecko.
