Why is Solana (SOL) price down today?

SOL price risks a 25% drop as Donald Trump’s latest crypto executive order confirms no additional purchases of non-Bitcoin cryptocurrencies.

Solana (SOL) has dropped by 7.50% in the last 24 hours to reach around $142 on March 7, mirroring losses across the cryptocurrency market.

SOL/USD four-hour price chart. Source: TradingView

Top reasons driving the SOL prices lower today include:

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