The metric that tracks the value of one Solana token to one Ether token has reached a new all-time high following a brutal market-wide sell-off earlier this week.
The SOL/ETH ratio — a measure of the value of one Solana token to one Ether token — has reached a new all-time high in the wake of a market shakeup that saw crypto prices tumble drastically on the week.
The Solana (SOL) to Ether (ETH) ratio notched a new high of 0.0595 on Aug. 6, per TradingView data.
It comes in the wake of a brutal $500 billion crypto sell-off stemming from turmoil in traditional financial markets, outsized selling from Jump Crypto, and wider macroeconomic unease.
