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Solana Trading Plunges 93% In 24 Hours: Where Did The $100 Billion Go?

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Solana Trading Plunges 93% In 24 Hours: Where Did The $100 Billion Go? - NewsBTC

Quick Summary:

SOL market cap currently at $63 billion.Chart: TradingView.com Beyond The Hype: Does Solana Still Have DeFi Potential?

This dramatic shift has unsettled the crypto community, raising serious questions about the legitimacy of Solana’s past performance and its future as a DeFi powerhouse.

Market sentinels are pointing fingers at wash trading, a manipulative practice where investors essentially buy and sell crypto back and forth to each other, creating an illusion of high activity.

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Solana Trading Plunges 93% In 24 Hours: Where Did The $100 Billion Go? - NewsBTC (Picture 1)Solana Trading Plunges 93% In 24 Hours: Where Did The $100 Billion Go? - NewsBTC (Picture 2)

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Article Details

Author / Journalist: Christian Encila

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-27 @ 10:00:53 (3 days ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 465 words

Reading Time: 3 minutes read

Sentences: 77 lines

Sentence Length: 7 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 21402550

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About NewsBTC

NewsBTC Logo

Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 5 posts per day

Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 14 hours ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #102

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The story "Solana Trading Plunges 93% In 24 Hours: Where Did The $100 Billion Go?" has 465 words across 77 sentences, which will take approximately 2 - 4 minutes for the average person to read.

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The story "Solana Trading Plunges 93% In 24 Hours: Where Did The $100 Billion Go?" was covered 3 days ago by NewsBTC, a news publisher based in United Kingdom.

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NewsBTC is a fully independent (privately-owned) news outlet established in 2013 that covers mostly crypto news.

The outlet is headquartered in United Kingdom and publishes an average of 5 news stories per day.

It's most recent story was published 14 hours ago.

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  • News ID: #21402550
  • URL: https://beamstart.com/news/solana-trading-plunges-93-in-17194954998049

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