Solana Prices Have Plunged Over 30% Since Late November [Forbes]
Coinbase Global, Inc. - Class A (COIN)
US:NASDAQ Investor Relations:
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Source: Forbes
SOL, the native token of the high-throughput Solana platform, approached $175.00 on December 20, according to Coinbase data from TradingView At this point, the digital currency was down approximately 32% since reaching an all-time high of more than $257.00 on November 22, additional Coinbase figures from TradingView reveal. Since then, the cryptocurrency has recovered somewhat, but it has been unable to recover most of the ground it lost since late November, trading near $185 at the time of this writing. Market analysts offered several potential explanations for this weakness in the SOL token, including health consolidation and more serious concerns about declining activity on the token's native platform. “Solana has been in a down trend since breaking 2021's all-time high of $260 with a swing wick high of $263.83 on the weekly Nov 22, 2024,” TikTok influencer who goes by Wendy O emphasized through emailed comments. “This could be because of Bitcoin's inability to sustain $
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- 12/23/24 - Form 144
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