SOL price is down today and at risk of further losses as data points to waning user interest in Solana’s DeFi ecosystem.
Solana (SOL) has dropped by 6.5% in the last 24 hours to reach around $127 on March 17, mirroring losses across the cryptocurrency market.
SOL/USD daily chart. Source: Cointelegraph/TradingView
The top reasons driving the SOL prices lower today include:
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