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Solana Price, Sentiment and Social Engagement Tanking Amid LIBRA Token Fallout

Solana Price, Sentiment and Social Engagement Tanking Amid LIBRA Token Fallout
Solana, the platform known for its association with memecoins, is currently facing a negative sentiment and a decrease in price and social engagement. This is believed to be a result of the recent backlash following the crash of LIBRA, a Solana-based token backed by Argentina President Javier Milei. Solana's price has dropped over 17%, social engagement has fallen over 35%, and sentiment has plummeted 16% since the launch of LIBRA. The LIBRA collapse has revealed a market manipulation scheme tied to memecoins, with allegations of siphoning over $200 million across multiple projects. Despite previous controversies, Solana has bounced back in the past due to technological advancements.

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