Solana Slides 5%, Plunge Deepening Concerns

Solana (SOL) has experienced a significant drop of over 5%, falling to the $125 range. The bearish trend in the crypto market, with Bitcoin hovering near $84K and Ethereum trading around $1,500, continues to weigh on Solana’s performance. Notably, the asset has witnessed a loss of over 5.26% as of today’s press time. 5.26%. Solana opened at around $134.19 before experiencing significant pressure from bearish markets. As of now, it’s trading around the $125.91 level with daily trading volume reaching $3.34 billion. Liquidations have topped $12.70 million according to Coinglass data.