Solana Sees Significant Sell-off Amidst Market Uncertainty & Token Economy Changes

Following a Sunday peak of $140.19, Solana (SOL) is experiencing significant sell-offs this week, dropping to the $126 range after a 10% decline. This decline, attributed not just to broader market weakness but also to outflows from spot ETFs and proposed changes to Solana’s token economy, has investors scrutinizing short-term technical levels and the network’s long-term economic structure.