Solana and Cardano are so far leading Wednesday altcoin losses, dropping 5.6% and 5.5%, respectively, in the past 24 hours, according to CoinGecko data.
The entire crypto market is down 4.3% overall, with the Bitcoin price outperforming rivals with a comparatively modest 2.2% fall in the past 24 hours. Other altcoins also performed relatively poorly, with Avalanche falling 5.8% and Chainlink down 3.7%.
SOL is up 17.5% over the past week to $125.32, but down 2.8% month-over-month. It’s now down almost 50% from its recent peak of $262.56 on Jan. 19, amid scandals impacting Solana-based meme coins like Official Trump (TRUMP) and LIBRA.
Charles Hoskinson-led Cardano, meanwhile, is down 5.6% this week to $0.6031 and 16.5% month-over-month.
And…
Apr 19 2025
