Over the past week, nearly $10 billion exited Solana's market capitalization, dropping from $67.69 billion to $57.97 billion.
This significant decline coincides with a generally #bearish sentiment in the crypto market, a decrease in on-chain activity on the #Solana network, and stagnant demand from derivatives traders. Additionally, warnings about potential scams involving fake celebrity accounts promoting Solana addresses have contributed to the market's cautious stance.
