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Solana (SOL) Tumbles 5.4%: CoinDesk 20 Index Feels the Heat as Crypto Markets Shiver

Solana (SOL) Tumbles 5.4%: CoinDesk 20 Index Feels the Heat as Crypto Markets Shiver

Author:
CoindeskEN
Published:
2025-07-01 13:36:30
14
1

Solana's sharp drop drags the broader index into the red—just another Tuesday in crypto-land.

Here's the damage:

• SOL leads losers with a 5.4% haircut

• CoinDesk 20 index follows suit—because when a top player stumbles, everyone pretends to care

The 'Ethereum killer' narrative looking a bit pale today. Maybe it's that 'institutional adoption' tan everyone keeps promising? Meanwhile, traders scramble like rats on a sinking ship—some things never change in decentralized finance.

9am CoinDesk 20 Update for 2025-07-01: vertical

Leaders: BCH (+0.3%) and BTC (-0.9%) lead.

Laggards: SOL (-5.4%) and APT (-4.7%).

The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.

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