This is the second part of this article. You can read the first part here. Let’s discover other 5 tokens that The SEC classified as securities and had very a very important decrease of their prices.
1) SOL (Solana)
SOL is the native token of the Solana blockchain. Solana aims to provide a high-performance and scalable infrastructure for decentralized applications (DApps) and decentralized finance (DeFi) projects. So, SOL tokens are used for various purposes within the Solana ecosystem, including paying transaction fees, participating in the network consensus, and accessing decentralized applications and services. Solana has gained attention for its fast transaction speeds and low fees, positioning SOL as an important token within the ecosystem.
Source: Twitter
So, in the last 7 days, SOL’s price has dropped 28.3% as a result of the SEC’s listing of the stock on the securities list.
2) MATIC (Polygon)
MATIC is the native token of the Polygon network, formerly known as the Matic Network. Polygon is a layer 2 scaling solution for Ethereum, offering faster and cheaper transactions. MATIC tokens play a vital role in securing the Polygon network, participating in governance decisions, and paying transaction fees. Polygon’s scalability features, coupled with the utility of MATIC, have contributed to its importance in the Ethereum ecosystem and the broader blockchain space.
Source: Twitter
So, in the last 7 days, MATIC’s price has dropped 27.7.% as a result of the SEC’s listing of the stock on the securities list.
3) FIL (Filecoin)
FIL is the native token of the Filecoin network, a decentralized storage system designed to enable individuals and organizations to rent out their unused storage space and earn FIL tokens in return. FIL tokens are used for various purposes, including purchasing storage space, participating in network consensus, and incentivizing network participants.
Filecoin addresses the need for decentralized and secure data storage, making FIL an essential token in the storage and data marketplace.
Source: Twitter
So, in the last 7 days, FIL’s price has dropped 25.1% as a result of the SEC’s listing of the stock on the securities list.
4) NEAR (Near)
NEAR is the native token of the NEAR Protocol, a blockchain designed for decentralized applications and smart contracts. NEAR tokens serve as the primary utility and governance token within the NEAR ecosystem. They are used for transaction fees, staking, participating in governance decisions, and accessing various services and applications built on NEAR. NEAR Protocol’s focus on usability and scalability has contributed to the importance of NEAR tokens in the developer and DApp community.
Source: Twitter
So, in the last 7 days, NEAR’s price has dropped 27.2% as a result of the SEC’s listing of the stock on the securities list.
5) BNB (Binance Coin)
BNB is the native token of the Binance ecosystem, which includes the Binance exchange, Binance Chain, and Binance Smart Chain. BNB serves multiple purposes, such as paying transaction fees on the Binance exchange. It let users participate in token sales on Binance Launchpad, and access various services and utilities within the Binance ecosystem.
So, BNB has gained prominence due to its association with one of the largest cryptocurrency exchanges globally. It makes it a significant token in terms of liquidity and utility.
Source: Twitter
So, in the last 7 days, BNB’s price has dropped 25.9% as a result of the SEC’s listing of the stock on the securities list.
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