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Solana drops nearly 12% this week as major holders and Goldman Sachs sell off positions.

Market News
19 May 2026
BeInCrypto
View Source
Bearish
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Solana (SOL) has fallen about 12% over the past week, marking the worst performance among the top 10 cryptocurrencies by market cap. This decline is driven by a combination of macroeconomic uncertainty and significant selling from large holders, including a five-year staker unloading $137.7 million worth of SOL and a two-year holder taking losses. Additionally, the meme coin launchpad Pump.fun resumed selling after a nine-month pause, offloading millions in SOL. Institutional investors also exited, with Goldman Sachs fully exiting its Solana ETF position in Q1 2026. These factors have intensified bearish sentiment amid a broader crypto market downturn.

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