The Solana Foundation announced on September 24, 2026 the hiring of Rachel Conlan, former global CMO at Binance, as Chief Strategy Officer, and Jamal Raees, former Polygon Labs executive, as General Manager of Payments. Conlan will focus on institutional partnerships and ecosystem growth, while Raees will build relationships with payment companies. SOL is trading around $124 with a market capitalization of approximately $73 billion. The token is up roughly 14.5% over the past week and approximately 58% below its all-time high of $293.31. Solana processes over $5 trillion in stablecoin volume at a minimal cost of 0.000005 SOL per transaction.
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