Solend a decentralized loan project build on solana network almost create what could have been another sad story in the development of crypto currencies but wisdom from solana government and voters safe the day. We could have had the same story of Luna in our hand if not decisions to stop whales from dumping. Good one from solana team.
I think all cryptocurrencies were affected by the bitcoin price collapse some time ago because indeed all price movements depend on bitcoin price movements, while solana's collapse is not too deep because I think the developers understand that and provide very strong support to keep the price stable.
250$->35$
86% price drop, that's a very big drop.
Most of the coins are held by foundations, so they have made good money on such a pump and may soon be buying up coins for a new pump.