Solana Token SOL Surges Past $100 as Speculation Around Memecoins and Airdrops Fuels On-Chain Trading Frenzy
• Solana's native token, SOL, broke past $100 on Saturday, reclaiming a price not seen since before Terra's collapse in 2022 • SOL is up over 70% in December and has increased over tenfold in value in 2023 • Frenzied trading has vaulted Solana up the leaderboard for on-chain activity recently • Much of the energy driving Solana is speculation around dog-themed memecoins and airdrops • Solana supports fast, cheap crypto transactions and is compared to Ethereum as a hub for on-chain trading