Although the last week was exceptionally successful for Solana (SOL), the currently fifth-largest asset in the cryptocurrency sector by market capitalization, it has opened this week on a bearish note, having lost nearly $2 billion to its market cap in a single day.
Specifically, Solana’s market cap has dropped over 4% in the last 24 hours, declining from $47.76 billion to $45.78 billion during this time, which equals a loss of $1.98 billion, according to the latest information from the crypto market monitoring platform CoinMarketCap on February 12.
Solana 24-hour market cap chart. Source: CoinMarketCap
Solana price analysis
At the same time, Solana is currently changing hands at the price of $106.33, which demonstrates a loss of 2.92% in the last 24 hours but nonetheless an increase of 8.38% across the previous seven days in addition to gaining 15.38% over the past month, as per the most recent information.
Solana 24-hour price chart. Source: Finbold
Bears vs. bulls
As a reminder, S
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