🚀 Solana's SOL token is back in action, bouncing 13% from its recent dip to reclaim the $230 mark. Could this be the start of a new rally? 🤔

- SOL hit a high of $264.50 in November but couldn't keep up with the altcoin crowd, slipping 12% while others soared.

- Memecoins on Solana, like BONK and WIF, took a hit, but it's not just SOL feeling the pinch—Ethereum and others are in the same boat.

- MEV "sandwiching" might be behind SOL's lag, but derivatives markets show a healthier picture after a leverage cleanse.

With a $750 target price and ETF hopes, SOL's future looks bright. Share your thoughts below!