The new week looks gloomy as Solana (SOL) price and other cryptocurrencies record a free fall. The Trump tariff drama has taken over not just cryptocurrencies and altcoins but traditional finance markets as well.
SOL has lost 16.27% of its value to trade at $100.32, showing more than a 40% drop in value over the past year. Solana price owing to bearish pressure has continued to sink in tandem with the larger market and BTC price action.
This plunge has led the coin to lose its position as the fifth-largest cryptocurrency by market capitalization to Binance Coin (BNB). As Solana sat on the 7th spot by market cap, it showed SOL had lost its market share amid the bear market blues.
Solana Price Market Outlook
Before resting at its current price, Solana fell as low as $96.58, marking the first of such drop since February 2024.
At press time, SOL is the seventh-largest cryptocurrency per market data, with $52.21 billion in valuation.
Solana’s major decline below the psychol
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