Solana (SOL) has experienced a 15% daily drop amid global trade war panic.
Analysts warn of a potential further drop to as low as $60.
The recent crash coincided with a decrease in total value locked (TVL) and DEX volume, signaling low user engagement and traders' confidence.
Earlier this month, a large amount of SOL tokens were unlocked and sold off, increasing circulating supply and potentially causing panic among investors.