Solana (SOL) briefly looked set to crash when it dipped 11% in the early hours of the morning UTC just a few hours after it flipped Ethereum for highest 24 hour trading volume.
It has since stabilized somewhat, and its 24 hour losses are now just 4.1% as it changes hands at around $171 at the time of writing
SOL’s brief wobble began just after the Solana-based NFT collection Slerf posted over $3 billion in 24-hour trading volume, clocking in more volume than all the decentralized exchanges (DEXs) on Ethereum combined.
Holy sh*t$slerf 24 hr volume:
$3 billion
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