Solana’s SOL token dropped on July 24 as crypto investors became more risk averse.

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Solana prices fell on Friday, July 24, pushing lower as the broader crypto markets suffered declines amid a souring in risk sentiment.

SOL, the native digital asset of the Solana network, dropped to $73.53, according to Coinbase data from TradingView.

At this point, it was down 3.8% after rising to as much as $76.40 earlier in the day, additional Coinbase data from TradingView reveals.

These price movements materialized during a day when most of the top 10 digital assets by total market value suffered declines, according to CoinMarketCap figures.

When explaining this latest weakness, analysts repeatedly emphasized investor sentiment, noting that…