SOL - 'Ethereum Killer' Solana Plummets 12% Max Keiser Says 'Rug Pull Has Begun' | Benzinga
Solana (CRYPTO: SOL), often touted as an ‘Ethereum (CRYPTO: ETH) killer’, has seen its native token, SOL, slide by 12% over the past 24 hours, interrupting its end-of-year upswing.
What Happened: Following a high of $126.30 on Dec. 25, SOL has experienced a sharp decrease of 13% within seven days.
The previous price rally can be attributed to an airdrop craze triggered by the listing of the new JITO token on significant exchanges on Dec. 7, 2023, which swiftly achieved a market cap surpassing $300 million. This event was closely followed by the launch of the BONK (CRYPTO: BONK) meme coin on Dec. 14, 2023, which led to a complete sell-out ...