Solana Tests Critical Support Amid Market-Wide Sell-Off

A promising November for Solana has given way to a stark December reversal. After a month characterized by institutional inflows and robust network metrics, SOL’s price tumbled sharply on December 1, 2025, plunging 10% from approximately $140 to a low of $124. This dramatic move has market participants debating whether it represents a standard market correction or the initiation of a more sustained downtrend.

The pressure on Solana was part of a broader cryptocurrency decline. On the same day, Bitcoin briefly fell below $86,000, Ethereum shed over 7%, and major altcoins including Dogecoin and Cardano posted double-digit losses. Two primary macro forces are driving the volatility.

First, the Bank of Japan unexpectedly signaled a potential Read more...