$SOL fell more than 7% to below $160 as investors grew weary of the upcoming Solana unlock for 11.2 million FTX.

On February 24, the Solana (SOL) index fell sharply, falling more than 7% to $158.46, its lowest level ever this year. The last time SOL fell below $160 was on October 20, 2024, when it closed at $159.64. At press time, Solana had failed to rise above $160 and remained around $159.

According to crypto.news, Solana has fallen 6.9% in the past 24 hours. The token is currently trading at $159.29. Solana has fallen almost 13% in the past week, and even more in the past month. Solana has fallen by more than 35% in the last 30 days.

Solana currently has a market cap of $78 billion, with a fully diluted valuation of $95 billion. Just a few days ago, on February 24, Solana briefly recovered from its previous decline, breaking above the $180 mark.

Solana price chart #SOL after it fell below the $160 threshold for the first time this year, February 24, 2025 | .