Solana's SOL token has overtaken Binance’s BNB, becoming the fourth-largest cryptocurrency by market cap, with SOL trading at $112.52 and a market cap of $49.36 billion. This rise coincided with the Crypto Fear and Greed Index reaching a peak since November 2021. Despite a recent network outage, SOL's growth is buoyed by the approval of the Pyth DAO Constitution. Meanwhile, Solana Mobile's new smartphone hits 100,000 preorders, showcasing strong consumer interest. Binance faces regulatory challenges, affecting BNB's performance.
