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Market Meltdown: Why is SOL, XRP, DOGE Plummeting Today?

  • The crypto market faced a significant downturn, with major currencies like XRP, SOL, and DOGE experiencing over 10% drops.
  • Growing bearish sentiment on social media has contributed to the market’s instability.
  • The recent ByBit hack and fears of stagflation have further exacerbated the market’s short-term challenges.
  • Despite the current panic, some experts believe that the crypto market has made substantial progress over the past year and may recover in the long run.

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