Solana (SOL) experienced a price dip after a remarkable 120% monthly rally in December, briefly surpassing Binance's BNB in market cap. The price retrace brought Solana below $100, settling around pre-holiday prices of $101. Currently, SOL is trading at $105, down 14% from its yearly high of $123 on Dec. 26. Meanwhile, BNB reclaimed its position as the fourth-largest cryptocurrency by market cap with a 9% uptick. Solana's rally also boosted SOL-based memecoins like Bonk (BONK) and Dogwifhat (WIF), which have since retraced over 50% from their all-time highs. Solana's DEX volume briefly surpassed Ethereum's but has now cooled to $1.1 billion in the last 24 hours.