Solana (SOL) Slips Below XRP as Network Suffers Another Outage

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Solana (SOL) Slips Below XRP as Network Suffers Another Outage
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$SOL has dropped below $XRP amid a relentless sell-off

by market capitalization, currently sitting in seventh place, according to cryptocurrency ranking website CoinMarketCap.Solana is the biggest laggard within the top 20 at press time, shedding yet another 11% over the past 24 hours.

After recovering from the devastating Saturday sell-off, the token plunged to $87.6, its lowest level since late August, earlier today. Solana is now down 65.69% from its record high of $259.96 that was set on Nov. 6, dashing the hopes of those who pitched its native blockchain as the top Ethereum killer. Most notably, it has shed 40% since boxing legend Mike Tyson tweeted that he had gone all-in on SOL just a little over a week ago.

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