Why is Solana (SOL) price down today?

Pump.fun ban and increasing geopolitical risks in the Middle East are helping drive down Solana price today.

Key takeaways:

Solana dropped over 4.5% after X banned Pump.fun and related memecoin accounts, weakening retail momentum.

The escalating Israel-Iran conflict and Trump’s G7 remarks triggered a broader flight from risk assets.

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