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Solana (SOL) Surges 24%, But Is it Sustainable Growth?

Solana’s native coin, SOL, is one of today’s top performers, pumping by 24%. But analysts anticipate a correction.

Solana’s momentum is increasing as its native coin outperforms its brethren today. However, the dust has yet to settle from the FTX fiasco and its impact on Solana. This could have longer-term impacts on SOL prices, so this pump may be short-lived.

Furthermore, Solana was boosted by the BONK meme coin airdrop, which appears to have run out of steam. BONK has already slumped 67.5% in just four days, proving that it was a pump and dump.

(By Martin Young)

Solana Solana $253.03
+1.57%
Solana
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