Solana Dips Below $188, Losing $187 in Crypto Crash

Solana (SOL) experienced a significant drop in value, falling below $185, with one tweet noting it even dipped below $188, as part of a wider cryptocurrency market downturn. The decline was particularly pronounced among so-called 'memecoins' associated with the Solana blockchain, with multiple tweets noting the rapid devaluation and referring to the situation as a 'bloodbath' and 'crypto crash,' with SOL losing $187 at one point. The tweets highlighted the volatility and risk associated with investing in these types of digital assets, with one user cautioning against zeroing out one's account. The downturn was attributed to a broader crypto market collapse, with references to the market giving back all the 'Powell gains,' though specific details on the causes were not provided.