The Solana Squeeze: Multiple Pressures Push Price Below Critical $100
- Fading hype hits Solana’s growth and revenue sharply.
- Global recession fears and token unlock weigh on SOL.
- Solana’s ETFs and Fire Dancer may boost growth soon
Solana (SOL) faced significant downward pressure Monday, April 7th, dropping 15% over 24 hours to hold above the $100 mark.
After hitting new all-time highs back in 2024, SOL has failed to maintain the kind of momentum it needed, in turn, hit by fading meme coin activity, broader market turmoil, and recent token supply increases.
How Much Did Fading Meme Coins Hurt SOL?
A key factor was the decline of the “Pump Fun” meme coin trend on Solana, which previously drove over 70% of new token launches and 56% of network transactions.
Meme coins like Dogecoin and others created a lot of hype. But now, meme coins are losing their appeal, and that’s been bad news for Solana. Since the start of 2025, Solana’s “Pump Fun” has seen a massive decline, with revenue dropping 92% in February.
Related: Two Crypto Views, One Outcome? CZ Sees Froth, Hayes Sees $1M BTC Catalyst
The Market Crash Doesn’t Help
Solana isn’t dealing with just the meme coin decline. The entire crypto market i…
The post The Solana Squeeze: Multiple Pressures Push Price Below Critical $100 appeared first on Coin Edition.
Read More
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The Solana Squeeze: Multiple Pressures Push Price Below Critical $100
- Fading hype hits Solana’s growth and revenue sharply.
- Global recession fears and token unlock weigh on SOL.
- Solana’s ETFs and Fire Dancer may boost growth soon
Solana (SOL) faced significant downward pressure Monday, April 7th, dropping 15% over 24 hours to hold above the $100 mark.
After hitting new all-time highs back in 2024, SOL has failed to maintain the kind of momentum it needed, in turn, hit by fading meme coin activity, broader market turmoil, and recent token supply increases.
How Much Did Fading Meme Coins Hurt SOL?
A key factor was the decline of the “Pump Fun” meme coin trend on Solana, which previously drove over 70% of new token launches and 56% of network transactions.
Meme coins like Dogecoin and others created a lot of hype. But now, meme coins are losing their appeal, and that’s been bad news for Solana. Since the start of 2025, Solana’s “Pump Fun” has seen a massive decline, with revenue dropping 92% in February.
Related: Two Crypto Views, One Outcome? CZ Sees Froth, Hayes Sees $1M BTC Catalyst
The Market Crash Doesn’t Help
Solana isn’t dealing with just the meme coin decline. The entire crypto market i…
The post The Solana Squeeze: Multiple Pressures Push Price Below Critical $100 appeared first on Coin Edition.
Read More