TL;DR
SOL tanked by 15% daily amid market-wide panic from the global trade war, with analysts alerting about a potential drop to as low as $60.
Earlier this month, Solana witnessed a major token unlock and whale sell-offs, which could have added to the selling pressure.
How Worse Can It Get?
Solana (SOL) is among the worst-affected cryptocurrencies following the latest crash of the digital asset market. Its price briefly collapsed below $100 for the first time since February 2024 before slightly rebounding to the current $101 (per CoinGecko’s data).
SOL Price, Source: CoinGecko
The asset’s major pullback comes less than three months after its all-time high of almost $290, registered shortly before Donald Trump’s inauguration as the 47th President of the United States. The surge back then was partially fueled by the frenzy surrounding some Trump-themed meme coins, which are based on Solana’s blockchain.
Ironically, the POTUS, or more specifically, the trade war he declared to
We współpracy z: https://cryptopotato.com/solana-sol-warning-is-a-40-crash-next/
