Crypto Market Plummets: SOL, MATIC, ADA, BTC, ETH, DOGE, and More See Significant Drops.

The prices of Cardano (ADA), Solana (SOL), and Polygon (MATIC) have dropped significantly due to renewed uncertainty in the cryptocurrency sector following the SEC's recent action against assets that may be classified as securities. The SEC's lawsuits against Binance and Coinbase have affected other assets, including SAND, FIL, AXS, CHZ, FLOW, ICP, NEAR, VGX, DASH, and NEXO. The foundations behind ADA, SOL, and MATIC have disputed the SEC's claims, emphasizing their decentralized nature. Robinhood's announcement to terminate support for these three coins has further compounded the price drop.