SOL token in Light of SEC's Classification
U.S Securities and Exchange Commission Sues Binance
The Monday of June 5 was a chaotic day for Web3 after the SEC's tweeted about their suit against Binance.
At first it was the Crypto Exchange Binance and their tokens, BNB and BUSD the most affected, however as the lawsuit develops Coinbase Exchange was also affected followed by a large amount of differents altcoins.
And soon the fear of everyone became true, and all the tokens and exchanges involved started to lost their value.
Among the tokens affected it was Solana Native Token $SOL, which also started to lost it's price

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$SOL Token plummets