Solana Hits $146 as SNS Airdrop Launches and Bullish Sentiment Builds Ahead of FOMC
Solana (SOL) climbed 2.97% on Wednesday to $146.56, extending a 43% rally over the past month. The Layer-1 blockchain is riding a wave of investor momentum ahead of today’s Federal Reserve interest rate decision and drawing renewed attention as key network developments unfold.
Solana Name Service (SNS), the decentralized domain protocol on Solana, launched its SNS token this week. The new token replaces Bonfida’s FIDA and is intended to better serve the growing community of .sol domain users.
Of the token’s 10 billion supply, 40% has been allocated for airdrops—with 20% specifically earmarked for early .sol domain holders and long-time project supporters. The airdrop rewards loyalty but also raises questions about short-term volatility.
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