Solana price has rallied nearly 40% in a week amid the hype regarding Solana’s first meme token BONK. Meme token BONK relies on the airdrop to Solana NFT, anti-Alameda Research sentiment, and the revival of Solana DEX culture to improve the community. Will this Solana rally sustain despite the selloff in BONK tokens airdropped to Solana users?
Solana Price Rally Amid BONK Token Hype
Solana suffered massive negative sentiment due to relations with Alameda and FTX founder Sam Bankman-Fried. The Solana price even saw massive selloffs in the last few weeks. However, the airdrop of Solana’s first meme token BONK lifted the SOL token as the meme token was compared to Dogecoin and Shiba Inu, which recorded massive rallies during the bull market.
BONK witnessing the highest trading volume in the Solana ecosystem after USDC and SOL in the past 24 hours. Several crypto exchanges such as Huobi and MEXC Global also surprisingly announced listing the meme cryptocurrency amid the rising communit
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