🧵 1. Solana’s market cap dropped by $3 billion as SOL price slipped, losing 11% in the past week amid general crypto asset decline. #crypto
🧵 1. Solana’s market cap dropped by $3 billion as SOL price slipped, losing 11% in the past week amid general crypto asset decline. #crypto
🧵 2. Solana faced challenges like network congestion and market competition, with recent meme coin trading adding to its downward pressure.
🧵 3. Andrew Tate’s threat to crash the Solana network impacted meme coin TOP G, leading to a surge in its price and causing a stir in the market.
🧵 4. Other cryptocurrencies like Ethereum, Cardano, BNB, and meme coins Dogecoin and Shiba Inu also experienced losses amid broader market pressure.
🧵 5. Meme coin activity boosted Solana’s trading volume, driven by interest in coins like TOP G, DADDY, and MOTHER, amid the overall negative exchange trend.
🧵 Read more at: https://decrypt.co/236722/solana-loses-3-billion-from-its-market-cap-amid-broader-turmoil