Market realizing that Binance now owns 10% of the tokens and that he would rather support BNB chain than SOL. Also Solana just lost all the support and investment that FTX were making in the ecosystem. Is solana going to suffer and what could be its repercussions on the whole crypto economy..
the crypto market is completely unpredictable. Even coins that have clear functions and good utility can fall this deep. whereas there was a lot of good news before with google and other investment platforms will help solana chain but still falling this deep.