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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Solana's price dropped to $80 following an escalation in US-Iran geopolitical tensions, leading to deteriorating sentiment in cryptocurrency markets. US military strikes on Iranian drone sites triggered a broad sell-off in risk assets. Meanwhile, the Solana co-founder called for efforts to accelerate the token's disinflation, alongside proposals to improve Solana's tokenomics.