Solana (left) has signed one of the largest rise stories of the crypto market with a huge rally of 900 %from the end of 2023 to 2024. However, there has been a harsh decline in recent weeks. The left price fell from $ 41 %to $ 168 with a peak level in January. This collapse led to the deletion of 50 billion dollars from Solana’s market value.
Great decrease in Solana: Why is it stretching?
Solana’s last collapse is directly linked to the weak performance in the overall crypto market. In 2025, market expectations were increased, but the uncertainties after Donald Trump’s return as the US President caused investors to move cautiously.
In addition, the volume of transaction in the Solana network received a major blow. Solana, which has a daily transaction volume of 2 billion dollars in November, produced only 26 million dollars volume as of February 17th. This decrease of 98.7 %shows that the activity in the network has decreased rapidly and has an investor interest.
BREAST COIN CRISIS AND THE FUTURE OF SOLANA
Solana’s decline is also due to the fact that the network is a popular platform for breast coin projects. The breast coin fraud named LIBRA came to the agenda with the allegations that Argentine President Javier Milei supported the project and shaken the investor confidence.
However, this harsh decline may not be the last for solana. It should be remembered that Bitcoin had declined from $ 67,000 to $ 16,000 and solana has decreased from 250 dollars to $ 10, but seeing a strong recovery. According to technical analyzes, the left price remains above $ 162 as long as it has a chance to reach the target of 280 dollars. Analysts say that investors can consider this decline as ‘the opportunity to buy from the bottom’.
Is a new rally possible for Solana?
Despite the general weakness in the crypto market, some analysts think that Solana may rise again. First of all, the Solana network continues to be an important player in defi and NFT ecosystems. Although there is a decrease in the number of daily active users, the activities of the developers on the network still continue strongly. In addition, large investors (whales) showed their confidence in the left by making loaded purchases during the last decline.
With the increasing adoption of solana -based projects in the coming period and the improvement of market conditions, the price may be possible to exceed $ 200 again. However, investors need to be careful against possible short -term fluctuations.
