From Nasdaq: 2025-06-03 23:33:00

Solana (NYSE:SOL) has seen significant price volatility, dropping from $260 in January to $105 in April, then rising to $155. The market trend mirrors broader cryptocurrency fluctuations. President Trump’s trade policies affected the initial downturn, but recent market stabilization, including Bitcoin’s recovery, is linked to new trade deals.

Despite the crypto market’s recovery, Solana remains below its all-time highs, underperforming Bitcoin. Recent meme coin plunges, like SOLX and BONX on Solana, contribute to this underperformance. Trump’s reinstated tariffs also impact Solana’s volatility, following a temporary ban lift by the US Appeals court, affecting the broader economy.



Read more at Nasdaq: Why Is Solana Underperforming? | Nasdaq