![Solana [SOL] registers decline despite new collaboration: What’s going on?](https://i.headtopics.com/images/2023/5/1/cryptoamb/solana-sol-registers-decline-despite-new-collabora-solana-sol-registers-decline-despite-new-collabora-1652984960398106628.webp)
Solana's launch of the new phone does very little for SOL in terms of social media presence or sentiment. Blue Chip Solana NFTs begin to do well, overall floor value takes a hit.
According to LunarCrush’s data, the number of social engagements for Solana fell by 9% over the last week. The number of mentions for Solana also decreased by 4.1% in the same period.
Data provided by Santiment showcased that the weighted sentiment for Solana was negative. This implied that the outlook of most crypto users towards Solana was pessimistic. Moreover, the past few days saw a substantial decline in the price of SOL. According to CoinMarketCap, Solana’s trading value stood at $22.21, reflecting a 4.74% reduction in the last 24 hours. Along with the drop in prices, the overall volume of the SOL token also decreased from 1.19 billion to 498.04 million.However, despite the declining sentiment and the prices, stakers continued to show support for Solana.
Blue Chip Solana NFTs were observed to be getting large amounts of traction over the last 90 days, with volumes beginning to soar and interest in them rising significantly.Even though Blue Chip Solana NFTs were doing relatively well, the same couldn’t be said about the overall state of Solana’s NFT market. According to solanafloor’s data, the overall volume of Solana NFTs declined, coupled with the average floor price, which also took a hit.
This indicated that only the blue chip NFTs were observing interest, whereas other smaller projects weren’t seeing any growth on the Solana market.
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