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Solana's memecoin-fueled rally is fading, with SOL/ETH down 35.6% from its peak as scandals like $LIBRA shake investor confidence. Meanwhile, Ethereum gains $1.1B in inflows, reinforcing its market dominance.
SOL price drops 40% as concerns over memecoins, DEX declines, and an upcoming token unlock weigh on its future.
SOL token has faced a 9% dip on Tuesday with concerns about future token unlocks intensifying the bearish outlook.
Santiment data unveiled six crypto projects with the highest spike in social media discussions compared to their average rates. The LIBRA scandal, MELANIA's scam FUD, Solana-based memecoins, and the FORT and STORJ tokens were some of the crypto topics dominating social media buzz.
Investors are massively taking short positions on the Solana (SOL) cryptocurrency as the ecosystem faces a series of scandals related to memecoins. Data from exchange platforms reveals a significant increase in bearish bets, reflecting a growing sentiment of distrust towards the network.
Solana (SOL) recently lost its key support zone amid the controversial Libra (LIBRA) token launch and crash. The cryptocurrency has dropped over 12% in the last three days and some analysts suggest it risks a deeper correction to monthly lows.
Solana price has been showing against the rest of the crypto market dropping another 9.3% today and moving to $166. This happened as Solana-based meme coin LIBRA faces massive pump and dump triggering a massive selloff across all meme coins in this sector.
The Solana hype appears to have fizzled out as SOL continues to tank amid a meme coin meltdown.
The cryptocurrency market remained volatile on February 18, with Bitcoin (BTC) trading near $96,000, while Ethereum (ETH) gained 2%. However, XRP and Solana (SOL) saw losses, reflecting ongoing investor uncertainty. Despite the choppy movement, Sonic (S) emerged as the top performer, surging 17% in the past 24 hours.
Based on fresh data from the prediction marketplace Polymarket, there is a 78% probability that the U.S. Securities and Exchange Commission (SEC) will approve an XRP exchange-traded fund (ETF) this year.
Solana started a fresh decline from the $200 zone. SOL price is down over 10% and might even struggle to stay above the $175 support zone.
Coldware (COLD) is rapidly gaining momentum in the blockchain space, positioning itself as a major competitor to Solana (SOL). While Solana (SOL) has seen impressive gains with the rise of Solana Payfi and the Fire Dancer upgrade, Coldware (COLD) is making waves with its Web3 mobile solutions and innovative staking mechanisms.
The cryptocurrency market remains volatile as the Ethereum price hovers around $2,700, facing resistance in its upward movement. The broader market has struggled to regain strength, with most altcoins trading sideways.
Solana (SOL), the world's fifth-largest cryptocurrency by market cap, failed to hold strong and is now poised for a price drop. The current market sentiment appears bearish, with major assets experiencing notable declines. SOL has also broken below its crucial support level of $180.
Because the asset is unable to form a clear trend, Bitcoin's price movement is still trapped in a sideways channel. Because of the lack of volatility, Bitcoin is experiencing a stagnant environment, which raises questions for the entire cryptocurrency market.
Digital asset investment products have suffered their first significant outflows of 2025, signaling a shift in investor sentiment. According to CoinShares, investors pulled $415 million from these products last week, marking a sharp reversal from the consistent inflows since the US elections in November 2024.
A daring climb of the Hollywood sign by a promoter led to a dramatic fluctuation in the value of Solana meme coin Vigilante (VIGI). What Happened: An unidentified individual scaled the iconic Hollywood sign on Saturday, waving a flag advertising the Solana meme coin Vigilante.
Solana (SOL) has recently faced a challenging period, moving within a bearish pattern that hinted at a potential drawdown. The price has begun to reflect these concerns, with the broader market failing to provide enough support for a recovery.
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Macro guru and Real Vision chief executive Raoul Pal says that Bitcoin (BTC) and other top altcoins are all looking strong despite choppiness in crypto markets.
The ratio of long to short positions on SOL in futures markets is tilting bearish as memecoin losses mount.
Earlier today, Argentina's President Javier Milei reposted a tutorial on X explaining how to purchase LIBRA, a Solana-based token he is currently being bashed for promoting. The post was originally published by Dario Epstein, the director of Buenos Aires financial research firm Research for Traders (RfT).
Raydium and Orca saw steep declines in trading volume, while Meteora stood out with an 18% increase, defying the trend.
Ethereum (ETH) price is turning bullish after weeks of trading below $3,000, a level it has not broken since February 2. The shift comes as capital appears to be flowing out of Solana and into Ethereum, with stablecoin inflows and rising TVL supporting its momentum.
