Solana's SOL Token Surges 20% as Dog Coin Bonk Fires Up Community Interest

The Bonk airdrop – amounting to 50% of its token supply – likely drove massive community interest. Some 20% of the total airdrop supply is going to Solana NFT collections – comprising 297,000 individual NFTs – and 10% to Solana-focused artists and collectors. Airdrops refer to an unsolicited distribution of a cryptocurrency token or coin, usually for free, to numerous wallet addresses and are generally used as a tactic to gain users.