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SOL Stumbles. As broader crypto markets failed to recapture yesterday's losses, Solana's native token fell as much as 8.1% off the day’s highs before a partial recovery. Amid the chaos, mSOL, a SOL LST, even briefly depegged. SOL is still seeing major gains this week, but today it was a different L1 ecosystem catching investor attention... 👇
It’s unclear which single event sparked the mSOL depeg, but high demand for looped liquid staking yields combined with a leverage unwind is typically a major contributing factor toward such events. Edgar, a creator at leading 
Solana money market protocol marginfi, took the opportunity to remind users that the protocol does not assume the peg of assets.
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