<p class="is-style-lead">Despite recent news around Solana&#8217;s launch of a new ChatGPT plugin, the SOL token sees a 5.54% decrease in price in the last 7 days.</p>



<p>Looking at the past month, this marks a 14.64% price decrease for the layer-1 blockchain, known for its fast and cheap transactions.</p>



<h2 class="wp-block-heading" id="a-rough-week">A rough week</h2>



<p>At the time of writing, Solana (SOL) was priced at $19.45, accompanied by a 24-hour trading volume of $152.5 million. Over the past 24 hours, SOL has experienced a positive growth of +1.13%.&nbsp;</p>



<p>However, it currently stands -5.54% below its 7-day all-time high of $20.59 and an incremental increase of 3.18% from its 7-day all-time low of $18.85. With a circulating supply of 396.2 million SOL tokens, Solana still remains in the 10th spot by market capitalization.</p>



<figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="713" src="https://crypto.news/app/uploads/2023/05/Screen-Shot-2023-05-26-at-9.49.04-AM-1024x713.png" alt="SOL sees minor retreat, falls 5.54% over week - 6" class="wp-image-14162037"><figcaption class="wp-element-caption">SOL to USD Chart | Source: <a href="https://coinmarketcap.com/currencies/solana/" target="_blank" rel="noreferrer noopener">CoinMarketCap</a></figcaption></figure>



<p>The token is currently sitting 14.64% lower than the previous month.&nbsp;</p>



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<h2 class="wp-block-heading" id="a-look-back-on-the-month">A look back on the month</h2>



<p>The price decrease of the leading blockchain platform comes following a few major announcements. On May 26, leading cryptocurrency exchange Binance revealed its decision to discontinue Bitcoin (<a href="https://crypto.news/price/bitcoin/">BTC</a>) spot trading with the Australian Dollar (AUD) starting from June 1. </p>



<p>This move comes as Binance also plans to remove spot trading activities for several other prominent cryptocurrencies, including Solana (SOL) paired with AUD.</p>



<p>Just days early, the platform also announced the launch of a new ChatGPT plugin, which would enable users to seamlessly purchase non-fungible tokens (NFTs), transfer tokens, and analyze on-chain data. </p>



<p>The plugin, which is now available for download on Github, shows Solana&#8217;s commitment to advancing user-friendly solutions within the blockchain ecosystem.</p>



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SOL sees minor retreat, falls 5.54% over week

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