In recent events, Solana (SOL) has relinquished its status as the fourth-largest cryptocurrency by market capitalization, with Binance Coin (BNB) surging ahead. Despite a remarkable 120% monthly rally in December, which catapulted Solana’s market cap above Binance’s BNB, the cryptocurrency experienced a price drop following Christmas. Solana’s SOL token, which reached an all-time high of