Solana token token
Overview
SOL, the native asset of the Solana blockchain, was created by Solana Labs, a firm established in San Francisco in 2018 by Anatoly Yakovenko and Raj Gokal. The network, a proof-of-stake layer-1 chain that supports smart contracts and decentralized applications, went live in March 2020, with its genesis block dated 16 March 2020. The token serves dual purposes: settling transaction fees and being staked with validators to help secure the platform. SOL's valuation has experienced dramatic swings. In 2021, it surged approximately 12,000%, pushing its market capitalization above $70 billion and its price near $260. A sharp reversal occurred in November 2022, when the token lost 40% of its value in a single day following the bankruptcy of FTX, as Alameda Research held substantial amounts of SOL. In January 2025, SOL reached a new record price of $294. The network has faced notable operational challenges, including a 17-hour outage in September 2021 and additional disruptions in May and October 2022. A security breach in August 2022 compromised roughly 9,000 wallets, resulting in losses of about $8 million. Regulatory uncertainty has surrounded the token: in 2023, the SEC classified SOL as an unregistered security in its legal filings, though Robinhood Crypto restored trading of SOL for US clients in November 2024. The launch of the TRUMP memecoin on Solana in January 2025 triggered a spike in on-chain activity and a corresponding price increase.
Within The Counterparty graph, Solana token connects to 12 tracked entities, most strongly to Solana, Solana, Founder of Solana Token Launchpad Believe Arrested on Assault, Strangulation Charges.
Relations
Top connections in The Counterparty knowledge graph (confidence-weighted, 10 of 12 total).
| Relation | Connected entity | Confidence |
|---|---|---|
supports_token | Solana | 99% |
deployed_on | Solana | 95% |
mentions | Founder of Solana Token Launchpad Believe Arrested on Assault, Strangulation Charges | 95% |
has_metric | SOL Price 2026-04-26 | 95% |
supports_token | Robinhood Crypto | 90% |
supports_token | Bitwise Solana ETF | 90% |
supports_token | Jupiter Mobile | 90% |
supports_token | Solflare | 90% |
holds_token | DeFi Development Corp | 90% |
argued | Matthew Sigel | 85% |
Frequently asked questions
What is Solana token?
Solana token is a layer1 tracked in The Counterparty knowledge graph. It is connected to 12 other tracked entities, most strongly to Solana, Solana, Founder of Solana Token Launchpad Believe Arrested on Assault, Strangulation Charges.
What type of entity is Solana token?
Solana token is classified as a layer1 (token) in The Counterparty knowledge graph.
What is Solana token connected to?
In The Counterparty knowledge graph, Solana token is linked to 12 other tracked entities, most strongly to Solana, Solana, Founder of Solana Token Launchpad Believe Arrested on Assault, Strangulation Charges.
Sources
Facts in this record were checked against the following. Where a claim is not covered here, the record states only what the graph holds.
The dated record
1 dated entry on file, most recent first.
- Apr 2026 Founder of Solana Token Launchpad Believe Arrested on Assault, Strangulation Charges — In brief - Prosecutors charged Benjamin Pasternak with strangulation and assault over a March 31 incident. - Pasternak was arraigned and pleaded not guilty; his next court date is in June. - The arres... decrypt.co