Solana price drops to key support despite soaring on-chain metrics

Solana price dropped to a crucial support level on Monday morning as Bitcoin and most altcoins retreated. It plunged to a low of $117.38, its lowest level in December last year, and 52% below the September high of $253. This article explores why SOL SOL - $123.071 price slumped despite its strong fundamentals.

Source: invezz.com

Related symbols: SOLUSD

2026-01-26 05:42:02 GMT.

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Price & Market Data

Price: $123.071

Volume 24h: $6,237,592,263.76

Market Cap: $69,651,629,137.14

Description

Solana (SOL) is a cryptocurrency launched in 2020. Solana has a current supply of 619,043,154.96553266 with 565,948,893.0403626 in circulation. The last known price of Solana is 126.50953493 USD and is down -0.31 over the last 24 hours. It is currently trading on 1077 active market(s) with $1,651,715,187.12 traded over the last 24 hours. More information can be found at https://solana.com.