Investment
Features
FeesSafety
Academy
More
Pluang+

Solana price drops 21% amid whale selling and market crash, with $50 target in focus despite major network upgrades.

Market News
08 Jun 2026
Crypto news
View Source
Bearish
pluang ai news

Solana's price fell about 21% in June 2026 due to intensified whale selling and broader market liquidations, pushing the price down to around $66 and raising concerns about a further drop to $50. Large holders, or whales, have been reducing their Solana exposure, accelerating the decline given Solana's concentrated holder base and high volatility relative to Bitcoin. Despite the price drop and bearish sentiment, Solana is undergoing significant technical upgrades, including the Alpenglow consensus overhaul and the Firedancer validator client, which aim to improve transaction finality, network performance, and reliability. The future price direction depends on whether institutional demand, such as potential Solana ETFs, materializes to offset whale selling and macroeconomic pressures, making Solana's near-term outlook bearish but its long-term fundamentals potentially strong.

More News (SOL)

Solana shows signs of rebound but analysts warn of potential final downside risk amid market correction.

Solana shows signs of rebound but analysts warn of potential final downside risk amid market correction.

Solana (SOL) is experiencing mixed signals as technical analysts suggest it may be entering a rebound phase after a selling climax, yet caution remains over possible further downside. Currently trading near $78.91, Solana is down 3.13% weekly but has...

Technical Signals
Neutral
5 hours ago
OpenAI's GPT-5.6 Sol tops AI benchmark for presentation quality, beating rivals on speed and cost.

OpenAI's GPT-5.6 Sol tops AI benchmark for presentation quality, beating rivals on speed and cost.

OpenAI's latest model, GPT-5.6 Sol, achieved the highest score for presentation quality in the AA-Briefcase benchmark, outperforming competitors like Anthropic's Claude Fable 5. While it ranked second overall, GPT-5.6 Sol completed tasks 61% faster a...

Market News
Neutral
5 hours ago
Bitcoin often gains in July despite bearish trends; Solana and Hyperliquid show strong altcoin performance.

Bitcoin often gains in July despite bearish trends; Solana and Hyperliquid show strong altcoin performance.

Historically, Bitcoin tends to gain 17-20% in July even during bear markets, suggesting a potential near-term recovery after recent lows. While many altcoins struggle near all-time lows, Solana and Hyperliquid have outperformed with 21% gains in the ...

Market News
Bullish
7 hours ago
Solana hits 1,000 epochs, marking 5+ years of stable operation and 3.77B transactions in June 2026

Solana hits 1,000 epochs, marking 5+ years of stable operation and 3.77B transactions in June 2026

Solana's blockchain network reached its 1,000th epoch on July 10, 2026, marking over five years of continuous, stable operation since its launch in March 2020. An epoch is a time period of about 2-3 days used for network processes like validator rewa...

Protocol Fundamentals
Neutral
10 hours ago
$14.2M stolen from Solana genesis wallet via unstaking and bridging to Ethereum

$14.2M stolen from Solana genesis wallet via unstaking and bridging to Ethereum

A wallet linked to Solana's initial token distribution lost about $14.2 million in SOL tokens after an attacker unstaked the tokens and transferred them to Ethereum using a bridge protocol. The exact method of compromise and the bridge used remain un...

Market News
Bearish
10 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App