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Solana falls to lowest price since November 2024 losing 43% since January

February 18, 2025Updated:February 18, 2025No Comments2 Mins Read
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Solana falls to lowest price since November 2024 losing 43% since January
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Solana’s worth has declined by round 43% since its January peak. The asset reached $293 on Jan. 19 earlier than falling as little as $163 by Feb. 18, its lowest worth since Nov. 2024.

In November, SOL superior from $163 on Nov. 6 to $264 on Nov. 21 earlier than retracting to $169 by Jan. 13. A pointy rebound then pushed costs upward, just for subsequent volatility to drive ranges again towards the mid-$100s amid a number of memecoin rug pulls and worth decline.

Solana recovered from a multi-year low of $7.90 in December 2022 after reaching $257 in November of the earlier yr. The decline was attributed to regulatory pressures and litigation following the FTX collapse and Coinbase lawsuits.

Renewed investor curiosity coincided with the January 2024 Bitcoin ETF launch, as SOL stabilized close to $100 earlier than surpassing $200 in March 2024 and fluctuating between $205 and $110 by a lot of the yr. A surge in exercise pushed by memecoin platforms comparable to Pump.enjoyable in November 2024 contributed to the pronounced volatility noticed in current weeks.

Solana falls to lowest price since November 2024 losing 43% since January
Solana worth chart (Supply: TradingView)

Solana is at present round a key help stage, which was final touched in the beginning of 2025. Earlier than that, the digital asset was in a downward sample however had not seen lows of $163 in over a yr. The subsequent historic help ranges seem like round $152, $122, and $79.

Analyst

Liam ‘Akiba’ Wright

Editor-in-Chief at CryptoSlate

Also referred to as “Akiba,” Liam Wright is a reporter, podcast producer, and Editor-in-Chief at CryptoSlate. He believes that decentralized expertise has the potential to make widespread optimistic change.

Disclaimer: Our writers’ opinions are solely their very own and don’t mirror the opinion of CryptoSlate. Not one of the data you learn on CryptoSlate ought to be taken as funding recommendation, nor does CryptoSlate endorse any mission which may be talked about or linked to on this article. Shopping for and buying and selling cryptocurrencies ought to be thought of a high-risk exercise. Please do your individual due diligence earlier than taking any motion associated to content material inside this text. Lastly, CryptoSlate takes no duty must you lose cash buying and selling cryptocurrencies.



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