At the time of writing, SOL is trading at $54.73, down 2.77% in the last 24 hours.
The price failed to clear above $67.9 and has been facing severe selling pressure ever since.
After losing gains following a prolonged bull run, Solana (SOL), currently seems susceptible to additional falls. Perhaps influenced by the prior overall market momentum and the fear of missing out (FOMO) impact, the price of SOL skyrocketed to about $0.68 in mid-November, a level last seen in the spring of 2022.
But recently, SOL’s value retraced significantly, and it’s now trading at around $54. Kraken, Coinbase, and Binance are all facing accusations from the United States SEC about their unlawful business activities in the U.S without filing as securities companies.
Many enforcement proceedings have been filed by the SEC against Kraken because of the extensive number of tokens that the SEC considers securities. The SEC’s action against Kraken, in which SOL was classified as a security, may be contribut
We współpracy z: https://thenewscrypto.com/solana-faces-severe-selling-pressure-as-bears-take-control/
