Solana crashes to a 3-month low wiping out billions
Solana (SOL) served as something of a herald for the latest cryptocurrency bull market as it enjoyed a particularly sharp rally in late 2023 and early 2024, taking it from about $20 to above $200 – 900% increase in just six months. The blockchain itself enjoyed much activity and inflows thanks to numerous meme coins – another major staple of the cycle – finding their home on SOL. Still, more recent trading hasn’t been kind to Solana, and it suffered a 41.17% fall from January 19 highs at $286.81 to its press time price of $168.72. Simultaneously, the 30-day 39.16% drop ensured SOL is at its lowest level in more than three months. Picks for you Here's why Goldman Sachs sees Gold hitting $3,100 by year-end 1 hour ago Li...