Solana price spikes as newly launched dog coin BONK gains community hype

Last week, Solana (SOL) fell to its lowest level since February 2021. But its price has risen over 12% in the past 24 hours on Tuesday after almost nine days of consecutive losses that brought its price to around $8 on Friday.
Amid Solana’s movement, the two largest cryptocurrencies by market cap, bitcoin and ether, both shifted less than 1% in the past 24 hours, showing some stability.
Solana has been volatile for a number of reasons in recent weeks, including one of its most prominent backers being the now-disgraced former FTX CEO Sam Bankman-Fried and top NFT projects planning to leave its

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