SOL sees minor retreat, falls 5.54% over week

Regardless of latest information round Solana’s launch of a brand new ChatGPT plugin, the SOL token sees a 5.54% lower in value within the final 7 days.

Trying on the previous month, this marks a 14.64% value lower for the layer-1 blockchain, recognized for its quick and low-cost transactions.

A tough week

On the time of writing, Solana (SOL) was priced at $19.45, accompanied by a 24-hour buying and selling quantity of $152.5 million. Over the previous 24 hours, SOL has skilled a constructive development of +1.13%. 

Nevertheless, it at present stands -5.54% beneath its 7-day all-time excessive of $20.59 and an incremental enhance of three.18% from its 7-day all-time low of $18.85. With a circulating provide of 396.2 million SOL tokens, Solana nonetheless stays within the tenth spot by market capitalization.

The token is at present sitting 14.64% decrease than the earlier month. 

A glance again on the month

The value lower of the main blockchain platform comes following a couple of main bulletins. On Could 26, main cryptocurrency change Binance revealed its determination to discontinue Bitcoin (BTC) spot buying and selling with the Australian Greenback (AUD) ranging from June 1.

This transfer comes as Binance additionally plans to take away spot buying and selling actions for a number of different distinguished cryptocurrencies, together with Solana (SOL) paired with AUD.

Simply days early, the platform additionally introduced the launch of a brand new ChatGPT plugin, which might allow customers to seamlessly buy non-fungible tokens (NFTs), switch tokens, and analyze on-chain information.

The plugin, which is now out there for obtain on Github, reveals Solana’s dedication to advancing user-friendly options inside the blockchain ecosystem.