Solana falls to lowest price since November 2024 losing 43% since January
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 12 months. 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 12 months. A surge in exercise pushed by memecoin platforms comparable to Pump.enjoyable in November 2024 contributed to the pronounced volatility noticed in latest weeks.
Solana is at the moment round a key assist stage, which was final touched initially of 2025. Earlier than that, the digital asset was in a downward sample however had not seen lows of $163 in over a 12 months. The following historic assist ranges seem like round $152, $122, and $79.
Liam ‘Akiba’ Wright
Also called “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 constructive change.
