Solana (SOL) recently experienced a significant drop in price, falling below $190 after reaching an all-time high of $263. This caused Solana to move down in the cryptocurrency rankings and now sits as the sixth-largest cryptoasset. Market watchers believe that despite the slight drawdown, Solana may continue to perform well. The recent FOMC meeting led to a bearish sentiment in the cryptocurrency market overall. SOL showed particular weakness compared to other major tokens, indicating its higher volatility. The upcoming release of $2.1 billion worth of SOL tokens in 2025 and competition from decentralized exchange Hyperliquid may be contributing factors to the decline in SOL's price. However, the potential approval of a SOL ETF and a pro-crypto Trump administration could be bullish for the asset in the future.



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