Solana Suffers Massive Losses During Market Correction, While Bitcoin, Ethereum & XRP Remain Relatively Stable

A new Glassnode report reveals the severity of the current market downturn across major cryptocurrencies, highlighting a stark divergence. As of November 25th, supply holding in loss has remained relatively stable for Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) but Solana’s holdings have taken a significant hit. The chart shows Solana is currently experiencing the steepest decline in supply with nearly three-quarters of coins underwater. While the cryptocurrency saw repeated profit-to-loss swings during November’s downturn, its overall correction has been far more pronounced compared to other top cryptocurrencies.