Solana falls near $60 as crypto selloff tests ETF demand
Solana fell toward $60 after a broad crypto liquidation event tied to stronger U.S. jobs data and higher rate expectations. The move puts pressure on the
➤ Solana's price dropped significantly due to a broad crypto selloff triggered by stronger U.S. jobs data and increased interest rate expectations. ➤ This downturn tests Solana's institutional narrative, particularly the demand from spot ETFs, against pressures from leverage, macro fears, and large holder reticence. ➤ The article emphasizes that Solana's underlying network remains strong, but its token price is now under pressure to prove its resilience in a challenging market environment.


















