Solana's Decline Shakes Crypto Market as Traders Move Towards Stability

By: Eva Baxter

The cryptocurrency marketplace witnessed a tectonic shift, with Solana's SOL dipping below the $100 mark, a significant 7% decline within 24 hours. This plunge has led to a shift amongst traders who have started moving their capital from SOL to stablecoins, hinting towards substantial profit-making. This development amongst traders underlines Solana's intense competition with Ethereum, thereby shaking the foundations of a stable crypto marketplace.