{"id":375329,"date":"2025-02-26T03:16:27","date_gmt":"2025-02-25T21:46:27","guid":{"rendered":"https:\/\/dripp.zone\/news\/solana-hits-lowest-price-in-2025-down-over-50-since-january-peak-crypto-news\/"},"modified":"2025-02-26T03:49:19","modified_gmt":"2025-02-25T22:19:19","slug":"solana-hits-lowest-price-in-2025-down-over-50-since-january-peak-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/solana-hits-lowest-price-in-2025-down-over-50-since-january-peak-crypto-news\/","title":{"rendered":"Solana Hits Lowest Price in 2025, Down Over 50% Since January Peak – Crypto News"},"content":{"rendered":"
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Solana<\/span><\/a>\u2019s price has plunged more than 50% from its all-time high as trading activity on its network slows amid concerns about its involvement in a scandal involving the Libra meme token and wider crypto market swoon.\u00a0<\/span><\/p>\n

SOL fell to $132 at one point Tuesday, its lowest point since October, before rebounding slightly, according to crypto markets <\/span>data<\/span><\/a> provider CoinGecko. The token of the Solana blockchain is currently down about 5% over the past 24 hours, as of this writing, at a current price of $144. Solana\u2019s price hit $293 in early January.<\/span><\/p>\n

The decline of the sixth-largest digital asset by market value has accelerated over the past 11 days after the Libra token\u2014which is issued on the Solana platform\u2014lost about 90% of its value in hours, <\/span>sparking accusations of <\/span>fraud<\/span><\/a> and <\/span>calls<\/span><\/a> for the impeachment of Argentine President Javier Milei.<\/span><\/p>\n

Milei had promoted the token that was supposed to help the country\u2019s small businesses in a post on X. He subsequently deleted the post and denied knowledge about the details behind the coin\u2019s creation.<\/span><\/p>\n

Solana decentralized exchange trading volumes dropped to a five-week low of $2.61 billion last week, as meme coin trading\u2014a top driver of activity on the network\u2014dipped amid<\/span> a series of rug pulls and other scandals, cooling interest in the tokens.\u00a0<\/span><\/p>\n

The price of SOL has plummeted even as multiple fund issuers have filed applications based on its spot price. The SEC has <\/span>received <\/span><\/a>proposals from Franklin Templeton Grayscale, Bitwise, Canary, 21Shares, and VanEck.<\/span><\/p>\n

Bloomberg Senior ETF Analyst Eric Balchunas has <\/span>penciled in<\/span><\/a> a 70% probability that the SEC will approve the ETFs.<\/span><\/p>\n

Bitcoin, other coins plunge<\/b><\/h2>\n

The Solana network\u2019s native token dropped amid a broader slump in the digital assets market, with <\/span>Bitcoin <\/span><\/a>dipping to nearly $86,000<\/span> at one point Tuesday, well below its all-time high above $108,000.<\/span><\/p>\n

Ethereum<\/a>, <\/span>Dogecoin<\/a> and <\/span>XRP<\/span><\/a> had all fallen sharply<\/span> as of this morning, as investors <\/span>spooked<\/span><\/a> by a potential trade war stemming from U.S. tariffs, rising inflation and global political unrest, have retreated from crypto and other risk-on assets. Top coins have broadly started to recover some ground in recent hours, with those assets each down about 5-6% over the past day.<\/span><\/p>\n

The tech-focused Nasdaq and S&P 500 were down more than 1.45% and 0.5%, respectively, in Tuesday trading. Both are off their multiple highs reached in recent months.
<\/span><\/p>\n

Edited by James Rubin<\/a><\/i><\/p>\n

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Solana\u2019s price has plunged more than 50% from its all-time high as trading activity on its network slows amid concerns about its involvement in a scandal involving the Libra meme token and wider crypto market swoon.\u00a0 SOL fell to $132 at one point Tuesday, its lowest point since October, before rebounding slightly, according to crypto […]<\/p>\n","protected":false},"author":2,"featured_media":375333,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-375329","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/375329","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=375329"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/375329\/revisions"}],"predecessor-version":[{"id":375334,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/375329\/revisions\/375334"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/375333"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=375329"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=375329"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=375329"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}