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Why is Solana (SOL) price down today?

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SOL price collapses to a three-week low after a fresh wave of volatility wreaks havoc on the entire crypto market.

Solana’s native token, SOL, has dropped by nearly 12.75% in the last 24 hours to a three-week low of $112.50 on April 3.

SOL/USD daily price chart. Source: TradingView

Key drivers behind SOL’s sharp correction include:

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