Key takeaways: Solanaโs native token, SOL (SOL), dropped 10% following a sharp rejection at the $185 level on May 23. The current $167 mark is the lowest in over a week, leading traders to question the reasons behind the recent decline and whether SOL might revisit the $142 support level. Despite the price drop, SOL holders can take some comfort in Solanaโs position as the second-largest network in terms of total value locked (TVL). Still, Ethereumโs dominance remains unchallenged, supported by a broad layer-2 ecosystem that offers low fees and…
Solana rally capped by SOL token unlock and memecoin decline
