Big news about Solana (SOL), a type of cryptocurrency! Its price recently dropped to its lowest point in five months. This means it became cheaper to buy. But why did this happen?
- Solana's use went down.
- Fewer people are using apps built on Solana.
- More people are selling SOL than buying it.
| Fact | Number |
|---|---|
| Lowest SOL price (in months) | 5 |
| SOL price drop since Feb 22 | 17% |
| Drop in Solana DEX volume | 30% |
| Estimated yearly cost to run Solana | >$72,000 |
Experts think the price might stay low for a while. There's also less excitement around a new type of Solana investment fund.
