Solana, a prominent cryptocurrency, has experienced a significant downturn, with a notable sell-off that has impacted its market value and structure. Reports indicate that a single entity sold over $10 million worth of Solana on Coinbase in a span of less than three minutes, contributing to the currency's rapid decline. This event has highlighted Solana's unique market structure compared to other major cryptocurrencies like Bitcoin and Ethereum. Despite the market-wide downturn, which saw Solana's open interest and price fall by 21% and 11% respectively in the last 24 hours, some traders remain optimistic, viewing the dip as a potential buying opportunity. Notably, Solana has lost almost half its value in a week.