Solana's Price Plummets 60%

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Business

Business & Economics

Solana Is Down Over 60%—What Solana Holders Need to Know Now

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66% Informative

Solana reached an all-time high of $ 295 in mid-January , just as President Trump launched his memecoin, $ Trump .

On Jan. 17 , the day the $ Trump token launched, Solana saw a peak of $36 billion in exchange volume, a record high for the network.

As of Tuesday , daily DEX volume on Solana has dropped significantly, averaging just around $1.5 billion per day.

Solana 's Fully Diluted Valuation stands at $66.712 billion , while its Total Value Locked , including staked governance tokens, is only $7.79 billion .

Many are rushing to grab 4,000 of its pre- IPO shares for just $0.26 /share.

But for now, its weak fundamentals are reflected in the current price drop, showing that without strong, ongoing usage, its market performance will remain volatile.

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