Solana experiences significant price drop to $121.35, sparking expert assessments on market implications.
Solana’s price plunged 36% to $121.35 on March 14, 2025, highlighting recent market turbulence.
Crypto experts suggest Solana’s decline may be a temporary correction, with fundamentals remaining strong.
Solana Plummets 36% Amid Crypto Whirlwind
Solana experienced a sharp price drop, falling by 36%, amid ongoing crypto market volatility. The price descended to $121.35, causing concerns among investors and traders.
Anatoly Yakovenko, Co-founder of Solana, addressed the volatility, emphasizing a focus on building and improving Solana’s infrastructure. The team sustains that the fundamentals remain strong, despite current market fluctuations.
Investor Caution Follows TVL Drop of 18.3%
The immediate effect was a sense of caution among investors, with market watchers noting the downward trend. The Solana ecosystem saw a decrease in Total Value Locked (TVL), which dropped by 18.3% over the week.
Financial analysts and experts offered mixed views on the implications, with some seeing it as a healthy correction. Others noted the continued strength of Solana’s long-term fundamentals, suggesting resilience in the face of market volatility.
November 2023 Decline Mirrors Current Drop
Solana’s drop recalls a similar event in November 2023, when the price fell 40% after the FTX collapse. That situation corrected in about three months, demonstrating a pattern of recovery after significant declines.
Experts like Raoul Pal and Lark Davis highlighted the potential for market correction. Lark Davis noted that overleveraged positions could have exacerbated the decline, suggesting a potential buying opportunity for long-term investors.
“Volatility is part of crypto. We’re focused on building and improving Solana’s infrastructure. The fundamentals remain strong.” — Anatoly Yakovenko, Co-founder, Solana.
