Why is Solana (SOL) price down today?
SOL price is down today and at risk of further losses amid waning user interest in Solana’s memecoin ecosystem.
Solana (SOL) is on the verge of wiping out the entire gains it post-Donald Trump’s reelection in November.
On Feb. 24, the SOL/USD trading pair dropped 7.35% to reach $157.25, its lowest point since Nov. 6.
These losses are part of a broader correction that began on Jan. 19, when SOL reached its all-time high of $295.31. Since then, the price has tumbled 47%.
