Despite some positive recent news for the Solana ecosystem, the altcoins did not do as well as the overall market in the recent trade.

CoinGecko statistics show that Solana and Cardano are now topping Wednesday altcoin losses, down 5.6% and 5.5%, respectively, during the last day. The price of Bitcoin has outperformed competitors with a very mild 2.2% decline over the last day, while the whole cryptocurrency market is down 4.3% overall. Other cryptocurrencies did not do well too, with Chainlink down 3.7% and Avalanche down 5.8%.

SOL is down 2.8% month over month but up 17.5% during the last week to $125.32. Since its recent peak of $262.56 on January 19, it has dropped over 50% because of scandals with Solana-based joke currencies like LIBRA and TRUMP. Cardano, helmed by Charles Hoskinson, is down 16.5% month over month and 5.6% this week at $0.6031.

According to Bloomberg, spot-traded Solana ETFs have been cleared by Canadian authorities and will be introduced in Canadian markets this week. No Solana ETF has been approved in the United States as of yet, despite the fact that many financial companies, including VanEck, 21Shares, and BitWise, have apparently submitted applications.

Large orders for SOL have also been placed by a few companies. Janover, a real estate finance platform, continued its policy of hoarding the cryptocurrency by purchasing 80,567 Solana tokens for almost $10 million.