Solana (SOL) experienced a massive sell-off at midnight GMT, with trading volume surging to 1.26 million SOL, causing the price to drop from $177 to $170.41, a decline of about 4.5%. Analysts pointed out that this drop was mainly influenced by global trade disputes and uncertainty in monetary policy, leading institutional investors to choose to reduce their holdings in risk assessment. However, despite the pressure on the market, the cooperation between the Solana Foundation and R3 is still advancing, planning to tokenize $10 billion in assets on its blockchain.