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Analysis: Solana is suspected to have suffered an institutional sell-off, and its price fell below key support levels

Internet reports that Solana (SOL) experienced a large-scale sell-off at midnight GMT, and trading volume surged to 1.26 million SOL units, causing the price to drop from US$177 to US$170.41, a drop of about 4.5%. Analysts pointed out that the decline was mainly affected by global trade disputes and monetary policy uncertainty, and institutional investors chose to reduce their holdings in risk assessments. However, despite market pressure, the Solana Foundation's cooperation with R3 is still advancing, with plans to tokenize US$10 billion in assets on its blockchain.

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