Currently, Solana ($SOL) is trading at approximately $168.87, reflecting a 15.44% decrease from the previous close.

Over the past week, SOL has experienced a decline of about 17.28%, with a monthly decrease of 36.67%. 

Several factors contribute to this downward trend:

• Market Dynamics: The cryptocurrency market has seen increased volatility, with investors reallocating funds towards assets like XRP and Dogecoin, influenced by ETF speculations. 

• Regulatory Environment: The recent election of President Donald Trump has led to expectations of a more crypto-friendly regulatory landscape, potentially increasing competition among altcoins. 

Despite recent challenges, Solana’s robust infrastructure and scalability position it well for future growth, especially as the regulatory environment evolves.

Note: Cryptocurrency investments are subject to high volatility. Conduct thorough research before making investment decisions.

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