Solana
Price Drops 20% as Investors Flee Core Ecosystem
Credit : coinpedia.org
Solana (SOL) is dealing with uncertainty as its worth, at the moment round $128, has fallen 20% over the previous eleven days. A significant motive for this decline is the flurry of meme token launches on the platform, which coincided with Solana’s worth stagnation. As a substitute of driving consumer engagement and driving transactions, these meme tokens took focus and cash away from Solana’s core ecosystem. Because of this, the inflow of low-utility tokens has weakened Solana, diverting investments from extra significant long-term tasks.
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