Amid the solid price rally, Solana (SOL) has surged another 20%, making a new all-time high of $199. With a market cap of $34.3 billion, Solana now becomes the 8th largest cryptocurrency surpassing Polkadot (DOT) and USDC. Furthermore, Solana is all set to launch a new “Ignition” feature later today. This is expected to put supply pressure and drive SOL prices higher.