Solana (SOL) price rises as airdrops attract new users to the network By Cointelegraph

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Solana (SOL) price rises as airdrops attract new users to the network

Over the past six months blockchain projects that have issued token airdrops have re-emerged. Most notably, the airdrops by Uniswap (UNI) and MEME will be remembered as recipients were rewarded with gains ranging from $20,000 to $600,000 simply for holding the tokens.

One (ETH) competitor that has seen numerous projects launch with airdrops in the past three weeks is Solana (SOL), an open-source project that focuses on utilizing blockchain technology to provide decentralized finance solutions.

SOL/USDT 4-hour chart. Source: TradingView