<ul><li>Solana (SOL) has plunged 41.99% in the past month, hitting a five-month low of $131, with its market cap dropping to $69 billion.</li><li>Open interest in SOL futures fell 44% from $6.39B to $3.57B, with trading volume declining 54%.</li><li>Solana's RSI dropped to 26, signaling strong selling pressure and a deep bearish phase.</li><li>The recent decline is attributed to broader market instability, waning memecoin hype, and external factors, such as the ByBit exchange hack and U.S. President Donald Trump's tariff proposals.</li></ul>

Solana Crashes To $131, Hits Five-Month Low Post-LIBRA Scandal

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