Solana’s SOL Token Weathers the Crypto Tumble Sparked by Bitcoin
- SOL rode out $300 billion fall in overall crypto market value
- Optimism for Solana spurred quadrupling in SOL in past 30 days
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The sudden plunge in Bitcoin dragged the cryptocurrency world into a sea of red, but there was a key holdout: Solana’s SOL token.
SOL averted a big drawdown over the past 24 hours, underlining investor interest in the argument that its linked blockchain Solana is a potential long-term rival for Ethereum, currently the most-used network for applications like decentralized finance and digital collectibles.