Solana (SOL) tumbles to $157.25 as Binance selloff rumors and an impending $1.79B token unlock fuel market fear. Can SOL rebound from oversold RSI levels?

Amid the ongoing market uncertainty, the SOL price has failed to hold its value above its important support level. This has resulted in it experiencing a major price crash this month.

Despite the negative outlook, the price of Solana is likely to reclaim new highs once FTX sell pressure clears.

For Solana, these early months of 2025 are the best of times and the worst of times. FTX, the exchange that effectively brought it to its knees, its $450M hack signaling the nadir of the previous bear market, is long gone and its founder serving decades in jail.

Solana price remains in a deep meltdown as concerns about its ecosystem continued. It crashed to a low of $160 on Monday, continuing a trend that started earlier this year when it peaked near $280. It has dropped in the last six straight weeks and is now hovering at its lowest level since December.

Solana's price is under intense bearish pressure, having dropped below $160 for the first time since November 2024. The decline follows a broader crypto market correction, compounded by concerns over an imminent $2 billion token unlock from the FTX bankruptcy auction.

Solana's price has dropped below $160 amid concerns over an upcoming $1.77 billion token unlock, decreased network activity, and mounting long liquidations, while PumpFun tests new AMM pools in an attempt to boost trading volume.

The importance of the first ETF on Solana

The Lazarus group, the main suspect in the historic hacking of Bybit estimated at $1.4 billion, would also be involved in recent memecoin scams on Solana, notably via the Pump.fun platform, according to findings by blockchain investigator ZachXBT.

Circle has minted another 250 million USDC on Solana, pushing its 2025 total issuance to 8 billion USDC as demand for regulated stablecoins grows.

Solana price faces bearish pressure after dropping below $160 for the first time since November 2024. This crash has caused speculation about whether SOL could crash to $100, considering the upcoming unlock of nearly $2 billion tokens from the FTX bankruptcy auction.

In recent weeks, crypto influencers and financial funds have published their forecasts on the price of Solana (SOL) for 2025.

SOL has plummeted by more than 7% to levels below $160 as investors grow weary of the upcoming FTX 11.2 million Solana unlocking. On Feb. 24, Solana (SOL) took a nosedive, decreasing more than 7% to $158.

SOL put options accounted for most of the block trades that crossed the tape on Deribit last week.

The crypto market kicked off the week on a bearish note, with Bitcoin (BTC) slipping back to the $95K level, dragging major altcoins lower. Ethereum (ETH), Solana (SOL), and XRP fell between 1% and 5%, while meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB) also posted losses.

Is Solana slowing down on its promise to be the Ethereum killer?

Solana price plunged 4% on Sunday February 22, trading as low as $167 as multiple bearish catalysts from the Bybit hack and impending SOL outflows from FTX Estate diluting supply. Solana Under Pressure as Bybit Hacker Launders Stolen Funds Through Pump.Fun Memecoins Solana (SOL) experienced another wave of steep losses on Sunday despite early recovery

As Shiba Inu successfully breaks above a significant resistance level, it is indicating that a potential reversal may be imminent. After struggling under a descending trendline, the meme coin is now making an effort to break out of its bearish trend, giving investors new hope.

Pump.fun is a playground for degens to gamble on AI projects. But experts believe the meme coin platform won't foster true AI innovation.

Story, Ondo Finance (ONDO), OFFICIAL TRUMP, Solana (SOL), and Uniswap (UNI) are five Made in USA cryptos to watch closely in the last week of February. Story has gained massive attention as a top AI crypto, despite a recent short-term correction.

Although the cryptocurrency market rally has stalled, the long-term outlook remains bullish, with analysts anticipating sustained gains for assets such as Bitcoin (BTC).

The North Korean cybercrime unit may be behind some of the recent memecoin rug pulls on Solana.

The Solana ecosystem is currently going through a period of turbulence due to the increase in scams related to memecoins. The drop in capital flows and the 40% decrease in active users reflect a loss of confidence among investors.

Franklin Templeton is taking a bold step in the crypto investment space by seeking SEC approval for a Solana ETF that includes staking.

The altcoin market took a severe hit last weekend with a $1.5 billion hack on the Bybit exchange, causing a sharp decline in several altcoins. However, traders are now bullish about a strong recovery in altcoin prices, following Bitcoin's surge toward the $100K mark.

Solana's journey from a memecoin hub to a serious blockchain contender hinges on the approval of a Solana ETF, which would bring institutional trust and unlock its potential for large-scale financial applications like payments and trading.

Solana's (SOL) price has faced significant challenges after breaking a new all-time high (ATH) of $295, but recent developments suggest potential for a recovery despite bearish pressures. Following its ATH, SOL seemed poised for a rapid climb toward $500 by the end of 2025.

Amid memecoin scandals and a generally lukewarm performance since the new year, Solana has hit a rough patch.

Franklin Templeton, one of the world's largest asset management firms, has submitted a proposal to the United States Securities and Exchange Commission (SEC) to issue a spot Solana ETF (exchange-traded fund). The asset manager joins several other applicants in the race to offer a SOL-based investment product to US investors.

Solana (SOL) has been grappling with significant challenges in recent weeks, from a steep drop in its token price to falling network activity. As the ecosystem braces for upcoming token unlocks, many are left wondering if further declines are on the horizon for one of the most talked-about cryptocurrencies.

Franklin Templeton has filed for a Solana ETF, aiming to track SOL's market performance while allowing share purchases with cash or crypto and staking holdings for rewards. Franklin Templeton Files for Solana ETF With SEC Franklin Templeton, through its affiliate Franklin Holdings LLC, filed a registration statement with the U.S.

The number of active addresses on Solana has fallen below the January lows, reaching levels from October 2024.

With the price of Solana (SOL 1.13%) falling to nearly $163 on Feb. 18, investors are right to assume it'll take a powerful cocktail of catalysts and new tailwinds to send its price back up toward $300. Something like a totally new category of cryptocurrency investments finding its home on the chain would probably do the trick.

Solana (SOL) has been facing significant headwinds over the past month, with its Total Value Locked (TVL) dropping to a low of $9.90 billion, the lowest since November 2024. However, there are signs that the bearish trend may be losing steam, as the blockchain platform experiences a slight recovery.

Solana has been performing worse these days following increasing selling pressure. The recent hack worth $1.5 billion in the Bybit exchange has strengthened the resistance levels. The recent drop in price has been also triggered by low network activities.

Soon after the Solana price broke out and smashed a new ATH at $295, it was believed that the token may soon make it to $500 before the end of 2025. Meanwhile, the rise of the fallout of the memecoins on the Solana chain harmed the momentum of the SOL price rally.

With the price of Solana (SOL -3.48%) down by 36% in the last 30 days alone and the blockchain rocked by several high-profile scandals and outright scams, investors are wondering whether there's a juicy opportunity to buy the dip here -- or whether the digital coin's glory days are firmly in the past.

Solana meme coins have suffered a harsh reversal this year, costing retail investors billions of dollars.

The creator of DOG says the token's expansion to Solana is proof of Bitcoin's influence, not a sign that the network's fledgling meme coin ecosystem is failing.

The market is mostly falling today, according to CoinStats.

A widely followed crypto analyst believes that one Ethereum (ETH) rival may dip lower before having an explosive rally.

Solana (SOL -2.56%) and Cardano (ADA -4.02%) are two cryptocurrencies that are quite similar in terms of their capabilities, objectives, and target users, but they're quite different in terms of their merits as investments. Both were designed to beat the royalty of the cryptocurrency market, specifically Ethereum, but only one can really be said to have succeeded.

A survey of FTX creditors reveals a strong inclination to reinvest their repayments in cryptocurrencies, with solana (SOL) being the most popular choice. FTX Creditors' Love Affair With Solana A new survey found that 79% of FTX creditors plan to reinvest their repayments into cryptocurrencies, with 29% of the reimbursed funds allocated for this purpose.

Solana drops 13% amid Milei meme coin scandal. Bearish below $180.48 with key support at $161.32. Will it rebound or continue its decline? The post SOL Price Dropped 13% This Week Amid Milei Meme Coin Rugpull: What's Next? appeared first on Cryptonews.

Franklin Templeton filed for the first ever Solana ETF with staking features. Franklin joined the pile of Solana ETF filings following its Solana Trust registration.

The FTX collapse was one of the biggest blows to the crypto market, but many creditors are now looking at it as an opportunity rather than a setback.

The year 2024 was not only a boom year for Solana, but it was also a bear year for Ethereum.