$SOL

Solana (SOL) Market: From Storm to Rebirth – Latest Update May 2025

In the past few months, the Solana (SOL) market has undergone a tumultuous journey, from highs to lows, but there are also plenty of optimistic signals for the future. Below is an overview of the recent developments of SOL.

In January 2025, SOL reached an all-time high of nearly 296 USD, but then sharply fell to around 140 USD by the end of February, equivalent to a 50% drop from its peak. The primary reason was a 30% decline in trading volume on decentralized exchanges (DEXs) and the withdrawal of about 500 million USD from the Solana ecosystem, shifting to Ethereum, Arbitrum, and BNB Chain.

However, in March, SOL strongly rebounded, surpassing the 140 USD mark for the first time in over a month, thanks to increased activity from "whales" (large investors) and the RSI index indicating strong buy signals.

Interest from Major Institutions

At the beginning of 2025, U.S. President Donald Trump announced a plan to establish a "national cryptocurrency reserve fund," which includes Bitcoin, Ethereum, Solana, XRP, and Cardano. This is a significant move that reflects the U.S. government's recognition of SOL's role in the global cryptocurrency ecosystem.

Wikipedia

Additionally, major financial institutions like JPMorgan and VanEck have raised their price forecasts for SOL to 500 USD and 520 USD by the end of 2025, emphasizing SOL's strong growth potential thanks to the development of smart contracts and the increase in DeFi activity.

Although SOL has gone through a tough period, positive signals are gradually emerging.