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 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.
Liam ‘Akiba’ Wright
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.
