- Solana hit the $90 mark today, April 17, 2026.
- The main cause for this uptick is Tether’s decision to provide a recovery package for Drift, a Solana-based exchange.
- The on-chain activity on Solana is increasing and there have been significant inflows within the SOL ETF products.
Solana’s native token SOL had surged around by 5% and the price of the token hit the $90 mark earlier today, April 17, 2026. Moreover, in the last 24 hours, the token has significantly outpaced Bitcoin (which has been up by 1.5%), as per CoinMarketCap and this indicates renewed confidence in Solana’s ecosystem after a major hack on Drift Protocol.
The primary driver is Tether’s decision to lead a $150 million recovery package for Drift, a key Solana‑based decentralized exchange, which the market is interpreting as a decisive step to contain systemic risk and protect user funds.
This move has helped SOL post gains twice the size of BTC’s roughly 1.5% move, reinforcing the narrative that Solana’s fundamentals are holding despite recent volatility.
At press time, the price of the token stands at $88.03 with an uptick of...
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