Solana (SOL), a type of cryptocurrency, is having a tough time! Its price has gone down a lot recently because people are buying memecoins instead. Memecoins are cryptocurrencies based on funny internet ideas. This is making it hard for Solana to grow.
- Solana's price dropped from over $261 to about $140.
- Many people are moving their money to memecoins.
- Even with lots of new money coming into the market, Solana's price still fell.
- Solana had a big token unlock, but its price didn't crash as much as some people feared.
| Fact | Number |
|---|---|
| Solana's price drop since January | Over 45% |
| Biggest Solana token unlock (in USD) | $2 billion |
| Amount of new USDC created | Over $8.75 billion |
