In the past week, Solana's native $SOL token has experienced an 8.8% decline, dropping it below the critical $150 mark. This level is considered psychologically significant, and the token has struggled to regain it since the start of the week.
In the last 24 hours alone, the $SOL price has retreated by about 1%, reflecting a poorer overall performance compared to Bitcoin. This downward movement has prompted many Solana holders to pivot their interest toward new Initial Coin Offerings (ICOs) in search of better opportunities.
The article was originally published on Cryptonews, where readers can find the latest updates on this trend and other related news.
