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Solana hits record 8 months of price drops, trading near $81 amid strong network activity.

Market News
01 Jun 2026
Bitcoin
View Source
Bearish
pluang ai news

Solana (SOL) has experienced its longest losing streak ever, closing eight consecutive red monthly candles from October 2025 to May 2026, with its price dropping from a peak of over $220 to around $81. Despite this significant price decline and a market cap loss of about $78 billion, Solana's network metrics remain robust, with over 75 million daily transactions and $5.4 billion in DeFi value locked. The price weakness is attributed to tight macroeconomic conditions, fading retail interest, and repeated resistance near $85 to $90. Traders are closely watching the $80 support level, which could signal either a recovery or further decline toward $70. Ongoing network upgrades and potential institutional inflows offer some optimism for a rebound later in 2026 if broader market conditions improve.

More News (SOL)

Solana gaming sees revival with Kintara and FarmTown driving strong user and transaction growth in 2026

Solana gaming sees revival with Kintara and FarmTown driving strong user and transaction growth in 2026

Solana's gaming ecosystem is experiencing a resurgence in 2026, highlighted by the video game Kintara generating over $450,000 in marketplace transactions shortly after its May launch. Additionally, FarmTown onboarded more than 20,000 unique digital ...

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Solana holds $70 support amid rising institutional demand and MoneyGram joining as validator.

Solana holds $70 support amid rising institutional demand and MoneyGram joining as validator.

Solana (SOL) maintained its key $70 support level as institutional interest grows, highlighted by a $24 million position from large investors and MoneyGram joining Solana's proof-of-stake network as a validator. This move signals increasing adoption ...

Market News
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12 hours ago
Whale's $24.3M bet on ETH and SOL rally falters as tech sell-off forces ETH exit.

Whale's $24.3M bet on ETH and SOL rally falters as tech sell-off forces ETH exit.

A whale trader opened a $24.34 million leveraged position on Solana (SOL) and Ethereum (ETH), betting on a rally. The trader closed the ETH position with a $14.2K profit amid a tech sector sell-off that pressured crypto markets, leaving the $16.5M SO...

Market News
Bearish
13 hours ago
Whale places $38M short bet on Solana amid market selloff and price drop.

Whale places $38M short bet on Solana amid market selloff and price drop.

A crypto whale has taken a significant bearish position against Solana (SOL) by shorting 554,680 SOL worth $38.15 million with 20x leverage. This move comes as Solana's price fell nearly 8% amid a broader crypto market decline and ongoing selloff, wh...

Market News
Bearish
14 hours ago
Privacy features could boost Solana's adoption by enabling confidential transactions and apps.

Privacy features could boost Solana's adoption by enabling confidential transactions and apps.

Solana, known for its speed and low fees, has lacked privacy features, limiting its appeal for businesses needing confidentiality. Projects like Arcium are introducing encrypted computing on Solana, allowing private transactions and data while mainta...

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