$SOL

Solana (SOL) is experiencing a day of bleeding this Tuesday (18), accumulating a 15% drop in the last seven days. At around 10:12 am, the token was trading down 8.34%, quoted at US$ 170.72.

Part of this devaluation occurs after Javier Milei, president of Argentina, triggered a “crisis” in memecoins, the cryptocurrencies that were born from internet jokes — and which were the main sector that boosted the SOL network.

Over the weekend, Milei promoted the cryptocurrency Libra (LIBRA), a project to “strengthen the Argentine economy”, which caused the token to skyrocket.