After a month of steady price increases, Solana (SOL) is on a downward spiral, with a 10.61% decrease in the last week, despite the announcement that the Grayscale® Solana Trust (the ‘Trust’) has begun trading on OTC Markets. While some investors are selling Solana (SOL), others are buying Collateral Network (COLT) tokens following a 40% price jump during its presale.
Solana (SOL) Is Hit Hard By Market Downturn
Since its rise to fame in 2021, Solana (SOL) has remained one of the most popular crypto investments worldwide. Ranked the 10th largest cryptocurrency, Solana (SOL) currently has a market cap of $8.7 billion, with daily trading volume often passing one billion. However, at the time of writing, both the Solana (SOL) price and trading volume have dipped.
Related Topics: #PR