Solana (SOL), the native token of the Solana Ecosystem, soared over 73% in the past week, ranking it among the top performing cryptocurrencies. The price rally can be attributed to the re-emergence of meme cryptos, which have acquired immense hype in the market. Earlier, after reaching an all-time high of $260.06 in November 2022, SOL dropped below $10 in June 2023 and is now trading over the $120 mark.