Solana Drops 51.9% Over the Year Amid Macroeconomic Pressures

Solana (SOL) has experienced a significant decline, with its value dropping 51.9% over the past year, according to CoinGecko's statistics. The cryptocurrency also saw a 4.8% decrease in the previous month. According to NS3.AI, the downturn is attributed to various macroeconomic factors, including geopolitical tensions, fluctuating crude oil prices, and elevated bond yields. These elements have collectively contributed to the pressure on Solana's market performance.