Solana, Cardano, and Avalanche have experienced significant declines, leading the crypto market with drops of 5.6% and 5.5%, while the entire sector fell 4.3%. Despite a weekly uptrend of 17.5% for Solana, its price remains down nearly 50% from its recent peak of $262.56 in January. Cardano has similarly struggled, decreasing by 5.6% over the past week. Solana recorded a price of $125.32, while Cardano's current price stands at $0.6031, contributing to its 16.5% monthly drop. Other altcoins also suffered losses; however, some positive developments emerged for Solana, such as potential ETF approvals and increased institutional interest, including substantial token purchases by a real estate financing platform. Despite the bearish trend, ongoing discussions about Solana ETFs may suggest a shift in regulatory outlook as the SEC considers various applications.

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