Sam Bankman-Fried-backed Solana soars after ecosystem sees shiba inu-themed token airdrop
Solana soared on Tuesday after a token airdrop from shiba inu-themed Bonk sparked interest in the cryptocurrency. as Sam Bankman-Fried's crypto empire collapsed, solana finally ended a streak of nine consecutive days of losses.
Bonk is airdropping roughly 50% of its tokens currently in circulation. Airdrops are unscheduled distributions of tokens, often for free, to wallets in order to garner interest in a specific crypto.
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