0 reply
0 recast
0 reaction
As of January 21, 2025, Solana's (SOL) market is experiencing a slight downturn. Currently, SOL is trading at $236.35, reflecting a 3.63% decrease from the previous close. The day's trading has seen an intraday high of $271.97 and a low of $232.51.
This decline aligns with a broader market correction, as major cryptocurrencies, including Bitcoin and Ethereum, also face downward pressure. Analysts attribute this trend to recent hawkish comments from Federal Reserve Chair Jerome Powell regarding the 2025 economic outlook, leading to cautious sentiment among investors.
Despite the current dip, Solana's network activity remains robust. The total value locked (TVL) on the Solana network has increased to 44.21 million SOL as of December 24, 2024, marking the highest level since September 2023. This 217% year-to-date growth in TVL suggests sustained user engagement and confidence in the platform's long-term potential. 1 reply
2 recasts
2 reactions
0 reply
0 recast
0 reaction
