Solana (SOL) has seen its price drop 10% today, trading at 167 USD. This is a continuation of its downward trend since peaking at 294 USD on January 19. The last 30 days have shown a significant decrease of 40% in SOL’s price.
Market sentiment remains cautious due to regulatory uncertainties and recent fraud incidents. Additionally, over the next three months, more than 15 million SOL tokens will be unlocked, potentially increasing market selling pressure.
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