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Goldman Sachs exits spot SOL ETF as Solana weakness deepens

Solana has fallen about 12 percent over the past week, making it the weakest performer among the top 10 cryptocurrencies by market value. BeInCrypto reported that whale selling and institutional outflows intensified downside pressure amid broader market weakness. Lookonchain said a long-term staker sold 30,000 SOL and has disposed of 965,274 SOL worth about $137.7 million. It also cited loss-cutting sales, Pump.fun deposits to Kraken and Goldman Sachs exiting spot Solana and XRP ETFs in the first quarter.