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SOL Cycle. Crypto assets experienced an overnight sell-off, compounding losses from their Thursday morning plunge and pushing Bitcoin 11% off the all-time high it set just prior to the initial decline. Which L1 ecosystem finds itself positive on the day despite the drops?
While Bitcoin dominance has somewhat recovered this morning, it remains 0.9% below its Thursday high, indicating that crypto assets somewhere are catching a bid despite the move down in many tokens…
A brief examination of the CoinGecko top gainers board quickly reveals a culprit: Solana ecosystem tokens!
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