Cryptocurrency Solana (SOL) hit a 22-month high of $136 this week after bitcoin surged to $64,000, boosting the cryptocurrency market as a whole. In the past 24 hours, the price of Solana has jumped 11% to its highest level since April 2022, and in just the past week it has risen 33%.

While bitcoin remains the dominant cryptocurrency, its price has fallen slightly over the past day. However, it has risen 19% in the last week. Ethereum is trading at around $3,450, up 16% over the week.

The top ten cryptocurrencies by market capitalization is led by Dogecoin, which rose 53% to nearly $0.13 this week. The trend for meme coins extends to the Solana ecosystem: the Solana-based meme coin Bonk (BONK) has more than doubled in value over the past week, reaching $0.000025. Dogwifhat (WIF), another dog-themed memcoin, has also seen significant growth, jumping 198% this week to $0.9.

While bitcoin-related events are weighing on the market, Solana itself has seen significant growth and renewed optimism in recent months. After falling to nearly $8 in December 2022 due to the collapse of FTX, Solana has rebounded sharply, rising over 500% in the last year alone.