Solana, Dogecoin, Cardano Dips By A Drastic Percentage Following The Hack

Crypto Tokens Price Today: The market has been down for the third consecutive day. Solana chain hack continues as the Raydium Protocol confirmed it.

As of writing, Solana drops by 11.64%. Dogecoin slashes 10.07%. Cardano sinks 12.01%. Polkadot is down by 10.34%.

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Shiba Inu cuts by 7.85%. BNB decreases by 10.18%. XRP is down by 6.22%.

The global crypto market cap is at 806.26 billion USD, a decrease of 5.31% compared to the previous day. The crypto market volume is seeing a boost of 50.05% and stands at 50.64 billion USD.

The coins affected the most are:

Solana (SOL) is down by 11.64%

The hack on Solana chain has taken down its market cap by 11.64% to 4.706 billion USD. Each token is currently costing 12.39 USD. Trading volume is up by 92.07% as the coins are being transferred.

Source: coinmarketcap

Dogecoin (DOGE) is down by 10.07%

With a dip of 10.07%, Dogecoin market cap stands at 10.312 billion USD. Each DOGE token is selling for 0.007787 USD. Trading volume has hiked by 133.88%.

Source: coinmarketcap

Cardano (ADA) is down by 12.01%

Cradano dips by 12.01% in the last 24 hours. The market cap for Cardano is 9.461 billion USD. Every token is selling for 0.2651 USD. Trading volume is up by 180.10%.

Source: coinmarketcap

Polkadot (DOT) is down by 10.34%

Each DOT token is at 4.69 USD. The market cap is down by 10.34% and stands at 5.770 billion USD. Trading volume is seeing a hike of 78.35%.

Source: coinmarketcap

Conclusion

The market has crashed as the price of tokens has gone down after a hack on Solana chain. The crypto tokens have been down after the FED’s announcement and a hack towards the end of the year will make it more bearish.

Shourya is a crypto fanatic who has developed interest in Business Journalism in the past few years. Currently, working as a writer with Coingape, Shourya is also an avid reader. Apart from writing, you can find her attending poetry shows, exploring cafes and watching cricket. As she says, “dogs are my home,” her first rescue of a dog was at the age of 7! She has constantly been speaking up for mental health and the rainbow pride.

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.