Major tokens continued to slide on Tuesday as institutional sales tied to recently launched exchange-traded funds (ETF) weighed down bitcoin (BTC) prices, leading to a more than 20% decline for some tokens in the past week.
Solana's SOL fell 7%, while Avalanche's AVAX dropped 9% in the past 24 hours, reversing gains from a meme coin-led revival for both ecosystems in December, which saw their token prices hit a yearly high at the time.
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