Solana has sacrificed its place as the fourth-largest cryptocurrency by market cap,
after being overtaken by BNB.The price of SolanaSOLtickers down$106
cooled in the days following Christmas after an impressive 120% monthly rally in December that saw its market cap grow larger than that of Binance’s BNB
BNBtickers down$318
The retrace saw Solana’s price fall below $100 before spending several hours at pre-holiday prices just above $101.
At the time of publication, Solana is changing hands for $105, still down
roughly 14% from its yearly high of $123, which it notched on Dec. 26, per TradingView data.
However, an unexpected 9% uptick in the price of BNB has now seen the Binance-linked token reclaim its position as the fourth-largest cryptocurrency by market cap.
Solana’s rally saw several SOL-based memecoins, including Bonk (BONK) and Dogwifhat
(WIF) also witness incredible price action over the last few weeks, posting respective gains of 650% and 123,000% between Nov. 22 and Dec. 22.
إقرأ أيضا:Bitcoin Casinos online for real Currency inferno joker slot United states Better 10 inside the 2025However, both of the memecoins have since retraced more than 50% from their all-time highs,
each beginning their tumble three days before Solana notched its yearly high on Dec. 26.
Running parallel to the outsized gains in the price of Solana,
إقرأ أيضا:Spielsaal Prämie abzüglich Einzahlung inoffizieller mitarbeiter Monat der wintersonnenwende 2024was an influx of trading activity on the network, which briefly saw trading volumes on
SOL-based decentralized exchanges (DEXs) eclipse that of Ethereum for the first time.
Solana DEX volume has since cooled off and fallen to $1.1 billion in the last 24 hours, roughly half that of Ethereum’s $2 billion, per DefiLlama data.
Meanwhile, Ethereum has also recently posted a 5% weekly gain, leading many traders and analysts to speculate that Ether
ETH
tickers down
$2,354
could start outperforming its competitors soon.