Solana (SOL) is under pressure as its price continues to decline. The cryptocurrency is currently trading at $119.27, down 5.2% in the last 24 hours. This drop has underperformed the broader crypto market, which fell by 4.77% in the same period. The weekly picture is also bleak, with SOL down 7.36% over the last seven days. Analysts point to a combination of macroeconomic risk aversion and internal network challenges as key drivers. Solana’s validator count has dropped sharply. The network has lost approximately 68% of its validators since March 2023 according to data obtained from Solana Compass. It fell from around ... (full story)