$SOL
As of February 18, 2025, Solana (SOL) is trading at $168.16, reflecting a decrease of $16.42 (approximately 8.9%) from the previous close.
The recent decline in SOL's price aligns with a broader downturn in the cryptocurrency market, which has been experiencing profit-taking activities. Notably, mid-cap tokens like Jupiter's JUP have also faced significant losses, partly due to their associations with controversial projects such as LIBRA.
Despite the current market correction, some analysts remain optimistic about Solana's long-term prospects. Projections suggest that SOL could reach targets as high as $977 by the end of the year, driven by its speed and scalability within the blockchain space.