SOL down 12% weekly amid selling from whales, Pump.fun, institutions

Solana (SOL) has fallen approximately 12% over the past week, marking the largest decline among the top 10 cryptocurrencies by market capitalization, BeInCrypto reported. The drop is attributed to a combination of factors, including selling by large-scale investors, sell-offs related to Pump.fun (PUMP), and institutional fund outflows.