Solana Price Plunges to 75% Below All-Time High

Solana's price has fallen to $72.64, down 75.3% from its all-time high of $293 in January 2025.

The token is trading below its 200-day moving average of $92.45 and its 100-day moving average of $79.72, indicating a bearish technical structure.

Despite the network's impressive performance, with Firedancer achieving over 600,000 transactions per second and Alpenglow targeting 150-millisecond finality, allocators have stopped buying Solana tokens.

The recent decline in price is attributed to low inflows of $14.6 million into Solana ETFs in July, compared to $172 million for Bitcoin funds and $27.29 million for XRP products.