Solana's price has surged to $160, its highest level since January 2022, amidst a rising interest in memecoins. Notably, tokens such as Dogwifhat, Popcat, and politically-inspired tokens of President Biden (boden) and Trump (tremp) launched on its blockchain have also seen significant price spikes. This trend has led to predictions that Solana could see several meme coins reaching over $1 billion in market capitalization during this cycle. The cryptocurrency has outperformed the broader market, with its major memecoins posting double-digit gains, even as it achieved a new all-time high (ATH) in market capitalization. The Solana market cap's latest peak was accompanied by a 10% price surge amid memecoin fever, with one memecoin reportedly reaching a $1 billion market cap in a single day. Bitcoin also reached a new high, with its price hitting $70,000. Solana celebrated another day with zero downtime as its price topped $185.