The cryptocurrency market has seen a notable downturn, with Solana's native token, SOL, experiencing a steady decline after a bullish three-month run. The decline in SOL's price, which slid to a 30-day low of $82 on January 22, coincides with a broader market trend where the CoinDesk 20 Index fell nearly 3% amid concerns of ongoing large Bitcoin (BTC) sales. The negative sentiment around Solana has been echoed by various users, with some expressing frustration with the platform and others hinting at potential developments like token drops from JupiterExchange and MagicEden that could influence the network's outlook. Solana's price was at $80 at one point, reflecting the volatility and uncertainty in the crypto market.
$SOL, $AVAX continued to slide as the crypto market reacted to $BTC's "sell-the-news" downturn. By @shauryamalwa. https://t.co/6zRE3jFExh
Solana (SOL) price slid to a 30-day low of $82 on Jan. 22 as crypto investors scaled back on mega-cap altcoin acquisitions, here’s what could happen next https://t.co/2PFY8UGeor
solana is a massive sham invented by Big Datacenter to sell you more egress
$SOL, $ADA fell 5% along with CoinDesk 20 lndex losing nearly 3% amid fears of continued large $BTC sales. https://t.co/2NX7piKQMg
Hmmmm @JupiterExchange dropping their token Now @MagicEden You are simply not bullish enough on Solana rn https://t.co/vUJrsszGzy
Solana is full of grifters, i just cant with this chain anymore https://t.co/2ujdUVNbxA
Solana is going to zero or all time highs. It's $80 rn
$SOL, $ADA fell 5% along with CoinDesk 20 lndex osing nearly 3% amid fears of continued large $BTC sales. Reports @shauryamalwa. https://t.co/BPgqeMWYiW
mfers will tell you nothing good is happening on solana then shill you sei nfts. make it make sense
I hate ETH https://t.co/LafEZqC2CI
ETH sucks, and all the bells and whistles on top of it aren’t going to fix it. Just use Solana https://t.co/E9vs7dHzAu
Solana is to Ethereum as Cosmos app chains are to L2s
After a bullish three-month run, the native token of the Solana network, SOL, has been declining steadily in recent weeks. Here's why https://t.co/JvcaJsJ09J