According to Jincai Finance, Solana (SOL) experienced a massive sell-off at midnight GMT, with the volume surging to 1.26 million SOL, causing the price to fall from $177 to $170.41, a decline of about 4.5%. Analysts pointed out that this drop was mainly influenced by global trade disputes and uncertainty in monetary policy, with institutional investors choosing to reduce their holdings in risk assessment. However, despite the market pressure, the collaboration between the Solana Foundation and R3 is still progressing, with plans to achieve the tokenization of $10 billion in assets on its blockchain.