Solana leads the recovery of the crypto market this week, with a significant spike of over 25% in value. This recovery rally came after Solana experienced a free fall following the collapse of a once-top centralised exchange in November of last year.
The surge in Solana’s value is reportedly due to the launch of BONK, a Solana-based meme coin that was airdropped to creators, developers, and NFT holders.