Why Solana Price Fell Harder Than Bitcoin During the Recent Market Crash? Will it Hit $100?

In lower than a fortnight, the Bitcoin worth plunged beneath $86,000 as bid-side liquidity dried up, inflicting large volatility and liquidation. A ripple impact noticed the Ethereum worth fall virtually $2800, whereas a deeper correction was seen within the Solana worth. The token fell beneath $130 for the second time, elevating alarms concerning the coming worth motion.

Solana’s sharp decline alongside the broader crypto market shocked merchants, however on-chain knowledge exhibits the community was signaling weak spot lengthy earlier than the recession. Whereas Bitcoin’s decline was pushed by liquidity shortages, Solana’s decline was rooted in declining on-chain momentum, declining consumer exercise, and slower ecosystem flows, leaving SOL susceptible as soon as macro pressures arrived.

Lively customers and transactions began to chill down

The variety of lively addresses is a vital indicator that sheds mild on the general well being of the platform. Because it suggests, the whole variety of addresses interacting with the platform to conduct a purchase/promote or trade transaction. If ranges rise, it signifies larger demand for the crypto, larger utility, and extra on-chain actions. Nevertheless, there was an enormous decline in lively tackle and has remained persistently beneath 3 million since July 2025.

Since early 2025, Solana’s on-chain exercise has steadily declined. The variety of day by day lively addresses, which was between 7 and 9 million, had fallen to three to 4 million by mid-year. Since then, ranges inside the vary have remained secure, which has additionally slowed transaction development. As a high-throughput community, the decline in consumer engagement and declining speculative exercise indicated weakened momentum.

Constant decline in DEX quantity and TVL

The rise of memecoins was one of many causes behind the bull run earlier. Moreover, Solana-based memecoins have had a big impact in current occasions. As a result of these have been hype-driven, they needed to fade, which was additionally mirrored within the Solana DEX volumes. Solana’s explosive exercise earlier this month was largely fueled by high-frequency memecoin buying and selling. However as volatility subsided, DEX volumes on platforms like Jupiter and Raydium dropped noticeably.

Defilama knowledge exhibits a constant decline for the reason that begin of the fourth quarter, indicating much less speculative inflows, decrease fee prices and fewer liquidity rotation into Solana. This shift performed a significant function in weakening shopping for depth earlier than the current market crash. An identical pattern was noticed on the TVL, confirming the continued bearish affect on the token because it signaled capital outflows, weakened confidence and lowered utilization of the protocol.

Will the worth of Solana (SOL) get well?

Just like the BTC worth, Solana worth has additionally fashioned successive decrease highs and decrease lows. This often displays the growing bearish affect on the token, as seen in the course of the earlier bear markets. Nevertheless, the worth is making an attempt to defend the assist zone, which has been a robust base in occasions of extended bearish motion since early 2024. So if the bulls handle to defend themselves this time, an honest rebound may very well be on the playing cards.

The SOL bulls are attempting to defend the assist zone between $121 and $128 for a 3rd week as quantity pale. However, the weekly RSI additionally follows the descending pattern line, indicating a weakening of the power of the rally. The present sample suggests {that a} additional downturn may very well be attainable, bringing ranges near $100 or barely beneath within the coming days.

Solana usually recovers rapidly when on-chain exercise accelerates or memecoin quantity returns or DEX exercise will increase. For now, merchants ought to preserve a detailed eye on these as a rebound in both may revive the expansion of the Solana ecosystem and the SOL worth.

Belief CoinPedia:

CoinPedia has been offering correct and well timed cryptocurrency and blockchain updates since 2017. All content material is created by our professional panel of analysts and journalists, following strict editorial tips primarily based on EEAT (Expertise, Experience, Authoritativeness, Trustworthiness). Every article is fact-checked from respected sources to make sure accuracy, transparency and reliability. Our evaluate coverage ensures unbiased evaluations when recommending exchanges, platforms or instruments. We attempt to offer well timed updates on all the pieces crypto and blockchain, from startups to trade majors.

Funding Disclaimer:

All opinions and insights shared characterize the writer’s personal views on present market situations. Please do your personal analysis earlier than making any funding choices. Neither the author nor the publication accepts accountability in your monetary decisions.

Sponsored and Advertisements:

Sponsored content material and affiliate hyperlinks might seem on our web site. Advertisements are clearly marked and our editorial content material stays utterly unbiased from our promoting companions.