Solana [SOL] has emerged as one of the biggest losers from the 19 August bloodbath in the crypto market. The famed Ethereum [ETH] killer has now lost the highest value among top 10 cryptocurrencies per Coin Market Cap. The SOL token is currently down 21.6% over the past week as the market showed a sharp reverse. However, Solana is beginning to see a mild recovery as the token price rushed to a near 1.75% price hike on the daily chart. Will this be crucial as Solana attempts to climb on the crypto market capitalization charts?
The progress carries on
Amid a recent sell-off, LunarCrush compiled data on Solana’s social engagements in the past week. The social engagements showed a mixed response from the crowd over the past week. The highest engagements were seen on 12 August as they reached over 190 million. But the number fell down massively to 14 August to 115 million. However, there has been a resurgence as of 19 August and engagements ticked at 160 million on the chart.
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