Amid the aggressive bull rally, Solana (SOL) smashed an all-time high of $145.97. Recently, the token acquired a massive market capitalization of over $41 billion and dethroned $DOGE. Moreover, Solana appeared to be more bullish following its global hackathon launch, Ignition. Initially, speculators misunderstood Ignition to be ‘SOL burning event’ which further propelled the token higher above $100 for the first time in its history.