Why Is Solana Price Down 9.3% Today?

cryptonews.net 18/02/2025 - 09:04 AM

Solana Price Update

The price of Solana has dropped by 9.3% today, reaching $166. This decline coincides with the volatility of the Solana-based meme coin LIBRA, which experienced a significant pump and dump.

As a result, there has been a widespread selloff across the meme coin sector. Additionally, on-chain data indicates a considerable decrease in network activity, suggesting that traders are moving away from Solana.




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    Greed and Fear Index

    Note: The data is for reference only.

    index illustration

    Greed

    63