Happycoin.club - The recent performance of Solana (SOL) in the cryptocurrency market has spooked investors as the cryptocurrency has seen a decline of 24.84% over the past 30 days.
Because of this, Solana's market capitalization has decreased by approximately $10 billion over the past week, which was also facilitated by the publication of the well-known in the crypto space Crypto Bitlord that SOL's activities are actively being investigated.
The incredible amount of activity on the Solana blockchain, where more than 1 million new cryptocurrencies have been launched since April, could well become the basis for another investigation by the US SEC into the activities of crypto companies.
However, let's not forget that the latest steps of the department headed by Gary Gensler look much more loyal. Experts attribute this to the realization that the number of cryptocurrency owners in the United States exceeds 40%, and this is a serious electoral base.
However, this circumstance did not stop some opinion leaders from declaring the death of SOL, since “the Solana Foundation, under pressure from the Federal Reserve, cannot use algorithmic trading strategies for protection.”
No matter how true the rumors may be, it is clear that Solana's latest losses are mainly due to the fall in the price of Bitcoin, the price of which has already dropped below $60,000.
