Solana's price has sharply declined, losing more than 50% of its value after reaching a peak earlier this year. Despite this downturn, Solana remains one of the more resilient cryptocurrencies from the previous cycle, having previously rebounded from significant declines, such as the 2022 FTX crash. The core infrastructure and ecosystem of Solana remain robust. The broader cryptocurrency market trends continue to be influenced by Bitcoin's cycle, with some institutions indicating a potential turning point. Solana's market cap has attracted increased institutional interest, highlighted by the recent launch of new spot ETFs. While volatility remains high, historical patterns suggest that strong market movements often follow shifts in sentiment.
Solana Price Drops Over 50% Amid Market Volatility
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