These 3 Cryptos Are Entangled Due To Robinhood & Celsius!

<p>&nbsp;"Hopefully crypto can survive despite various pressures."</p><p><br /></p><p>The most anticipated news, Robinhood will sell Cardano (ADA), Solana (SOL) and Polygon (MATIC) cryptocurrencies on June 27, 2023 while Celsius will liquidate the digital asset holdings from July 1, 2023.</p><p><br /></p><p>It is well known that Robinhood has not only laid off 7% of its workforce, which is around 150 employees, following a decrease in trading volume, but is also coordinating the team better.</p><p><br /></p><p>Robinhood's move to end support for the three digital assets has come after the United States (US) Securities and Exchange Commission (SEC) filed a lawsuit against Binance and Coinbase.</p><p><br /></p><p><br /></p><p>The streak saw Robinhood users sell off half of their holdings over the past two weeks as the trading platform estimated to sell $15 million worth of MATIC, $25 million SOL and $30 million worth of ADA.</p><p><br /></p><p>By observation, Celsius holds SOL worth $2.5 million, ADA $26 million and MATIC $60 million and has been underperforming since the announcement of Robinhood and Celsius earlier this month.</p><p><br /></p><p>Robinhood continues to face problems due to a decline in monthly active users and results while the drop in trading volume including regulatory pressure is also the reason the trading platform is affected.</p><p><br /></p><p>As of this writing, ADA price plunged by 2.83% to $0.28 in the last 24 hours with a market capitalization of $25 billion but still recorded an increase of around 9.32% over the last week.</p><p><br /></p><p>While SOL slipped around 2.00% at $16.60 in the last 24 hours with a trading volume of $276 million and MATIC fell 0.54% at $0.66 but gained 9.23% in the last seven days.</p>