Solana [SOL] was down more than 9% in the past 24 hours, extending its downtrend by more than 21% in the past week. It still commands a significant trading volume of about $5 billion, though it is down by 3%. Most of this volume was seller-dominated, that is, institutions, whales, and retailers. The drop is consistent across all major cryptocurrencies, including Bitcoin [BTC], Ethereum [ETH], and Ripple [XRP].