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Solana price is under immense selling pressure, slipping below $130. Will this proposal seeking to reduce SOL inflation sail through?
Solana has not escaped the crypto market’s brutal downturn. Few coins outperform Bitcoin, with exceptions like Pi Network, which continues to ride the hype of its mainnet launch.
Together with other top 10 altcoins, Solana, Ethereum, Tron, Cardano, and even Bitcoin, have shed double-digit percentages over the past trading week. This sell-off has slowed activity across their blockchains.
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On Solana instance revenue from smart contract deployments and transfers has declined; a trend likely to persist as SOL prices fall from all-time highs.
< span data preserverspaces = "True "> The Sell Off: Meme Coin Mania Over?
Currently , Solana is trading below $130 , down nearly 55 % from its peak of around $295 in January 2025 . Prices briefly surged to that record , surpassing 2021 highs , after Donald Trump launched his meme coin . Since then , however , the coin has been on a downward slide.
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