Solana Is Down 15% Since Hitting a 14-Month High

Solana's (SOL) spectacular comeback – up over 300% this year – has captivated crypto market participants after the coin was one of the most beaten-down assets during the bear market. The seventh-largest cryptocurrency by market capitalization hit $46.60 early Wednesday, a 14-month high price. It began the year at around $10. The momentum captured the attention of widely-followed crypto investor and BitMex exchange co-founder Arthur Hayes, who tweeted earlier this morning that he had purchased some. After roughly doubling in price over the past two-plus weeks, however, SOL has stumbled a bit since, lower by about 15% since that Wednesday morning peak to the current $40.

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