PANews reported on May 25 that according to CoinDesk, Solana (SOL) experienced a massive sell-off at midnight GMT, with trading volume surging to 1.26 million SOL, causing the price to fall from $177 to $170.41, a drop of about 4.5%, and also fell below the key support level of $172.

Analysts pointed out that the decline was mainly affected by global trade disputes and monetary policy uncertainty, and institutional investors chose to reduce their holdings in risk assessment. However, despite the market pressure, the cooperation between the Solana Foundation and R3 is still moving forward, planning to tokenize $10 billion in assets on its blockchain.