Solana Price Approach $200 Amid Historic Spike in New SPL Token Creation

The number of new SPL tokens on the Solana network has surged to a historic high. Over the past 7 days, an average of more than 7,800 SPL tokens were created daily, marking a significant uptick in token creation activity. On March 11 alone, the network saw a record-breaking creation of 9,690 new SPL tokens, setting a new single-day high in history.