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Bitcoin

3 reasons behind the decrease in the price of Solana (SOL) by 50 % from its highest level ever

The Solana price has decreased by 50 % from its highest level ever, as traders seek more green pastures on other Blockchains.

The Solana (SOL) price decreased by 50 % since it reached its highest level at $ 295 on January 19. 42 % clouds in February are the largest monthly clouds since November 2022, when Excination FTX collapsed.

Solana scheme consisting of 4 boxes. Source: CointeleGRAPH/TradingView

While the uncertainty associated with canceling the distinctive symbol of Solana 11.2 million, the budget metmorne is likely to play a role in the current decrease, there are basic reasons that provide a better explanation for the last correction.

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