Solana (SOL), a type of cryptocurrency, is having some tough times! Its price has dropped a lot recently. This is making people worried. Let's find out what's happening.
- Solana's price went down by 50% since its highest price.
- Many people are moving their money away from Solana to other cryptocurrencies like Ethereum.
- Solana's popularity is decreasing, with less activity on its network.
- Memecoins (like silly internet pictures that are also crypto) on Solana also lost a lot of value.
| Fact | Number |
|---|---|
| Highest SOL price ever | $295 |
| Total value locked (money in Solana projects) dropped by | $5 billion |
| Money moved away from Solana in 30 days | $500 million |
| Current memecoin value on Solana | $8.3 billion (down from $25 billion) |
