Why Solana plunged 9% just as Wall Street funds circled $2.25 billion
Solana fell from $206 to $187 even as Pantera prepared a massive fundraise targeting its ecosystem.
Andjela Radmilac / @andjelaradmilac / Aug. 26, 2025 at 12:18 pm UTC
Solana dropped to $186 in the early hours of Aug. 26, erasing 9% despite strong activity across its ecosystem.
Data from Binance showed that SOLUSDT saw intraday lows around $185 before recovering toward $188-$189. SOL rallied from $180 on Aug.
21 to a local peak above $213 on Aug. 25, followed by a swift rejection. Spot volumes rose with the selloff, indicating that the downturn was driven by participation rather than thin liquidity.
The correction contradicts the good news in line for SOL.Pantera Capital is reportedly.