Solana, Ether, and XRP Plummet Amid Iran-Driven Global Selloff

Solana (SOL) and Ether (ETH), along with XRP, led major cryptocurrencies in a broad selloff following Iran's strikes. The move was part of a broader risk-off sentiment that swept through global markets.

The price of SOL plummeted by over 11% while ETH and XRP dropped around 9%. This sharp decline comes after the recent recovery attempts made by these assets, which were driven by institutional buying interest.

Analysts point to the increased geopolitical tensions between Iran and the US as a major contributor to the market's risk-off sentiment. The conflict has sparked concerns over potential supply chain disruptions and economic instability in the region.