Solana, the cryptocurrency backed by fallen crypto magnate Sam Bankman-Fried, toppled on Wednesday amidst issues that big holders might will unload the token.
Solana dropped as much as 12% on Wednesday and was trading 8.8% lower since 8:40 a.m. in London. Other tokens saw modest decreases, with Ether slipping 1.3% and Bitcoin down 0.3%.