After peaking at 261,87$ on January 18th 2025, Solana has lost more than half of its value since then. It is now looking to fall bellow 100$. Today, Solana has lost 9.37% of its value as tarrifs and uncertainty in looming the world. 

Hi it's Patate here and today I want to talk about Solana and it's price action. Losing 6 billion of its market cap in less than 24 hours. This is on top of a quick boost it got on April 4th after PayPal Holdings announced two additional cryptocurrencies: Chainlink (LINK) and Solana (SOL).

Solana will be soon launched in an ETF, but the future is looking bleak. With the advancements in L2 networks like POL, OP and more, plus the shift towards other altcoins like XRP, Sui and Aptos. With so many different chains, Solana's future, linked with pump and dumps and meme coins, looks more difficult than ever. There are many new applications on SOL, but so does Sui with the launch of Walrus which I will discuss in a future article.

Today, Solana looks like it will have to challenge many other coins to try and keep its place as one of the top coins in the world.

So thank you so much for reading this and see you soon about Walrus.