The US Securities and Exchange Commission said in its actions against

Investors are asking whether it might be too late to buy #Solana (SOL) in wake of its 14% bounce from weekend lows.

Binance and #Coinbase that Solana is truly a security, leading to a cascade of sell pressure that week on the #cryptocurrency that powers the high-performance, smart-contract-enabled Solana #layer-1 #blockchain.

After hitting a high of $22 on Monday and a low of under $13.50 on Saturday, the SOL price has now rebounded to over $15.

The price of $SOL is continuing to decline as a result of uncertainty over the US regulatory environment, and price action continues to be unfavourable.