Solana flips USDT for a few hours – Is Ethereum the next target? – BitRss

• Solana is currently the fifth-largest digital asset.
• SOL ($258.67)’s price surged to an ATH before retracing.

In an interesting turn of events, Solana [SOL] briefly surpassed Tether [USDT ($1.00)] to claim the fourth-largest spot in the cryptocurrency rankings by market capitalization.

This surge was driven by a remarkable rally in SOL’s price, which soared to a high of $295 in the last trading session.

While SOL has since retraced to the fifth position with a market cap of $126 billion, the question remains: Could Solana challenge Ethereum [ETH ($3,349.83)] next?

Memecoin mania fuels Solana

Solana’s brief flip of USDT was fueled by a significant boost in network activity, attributed to the launch of the OFFICIAL TRUMP memecoin.

The memecoin’s debut on