Solana Token Fall Below 12% in a day

November 7, 2022

According to Coingecko, SOL dropped nearly 12% in value over the past 24 hours.

Despite the news that Google Cloud will start running Solana validators, the token has seen a double-digit decline.

Solana crypto is a high throughput blockchain based on the Proof of History (PoH) and Proof of Stake (PoS) consensus.

With a market cap of around $11.29 billion, SOL is currently the 10th largest cryptocurrency.

DOGE is ahead of Solana. Currently, DOGE stands at 8th rank while SOL is at 10th.

Along with the price, there is a significant fall in the trading volume, falling nearly 15% in 24 hrs.

At the time of writing, Solana price is $31.76 USD.