$SOL

Solana (SOL) is currently experiencing significant market fluctuations. As of February 18, 2025, the price of SOL stands at $167.03, reflecting a 6% drop in the past 24 hours and nearly 10% weekly decline amid broader cryptocurrency market losses.

Key factors influencing this downturn include a reduction in on-chain activity within the Solana ecosystem, with a noted decrease in the number of wallets holding over 100 SOL. Additionally, there has been a substantial outflow of $772 million in USDT and USDC from the Solana blockchain recently.