Why Is Solana Down Today? SOL Plunges Below $100 As Traders Brace for More Pain
Solana (CRYPTO: SOL) plunged below the key $100 threshold Monday, hitting an intraday low of $96.99 as investors fled risk assets amid an escalating global trade war and growing fears of a financial crisis.
At the time of writing, SOL is trading at $106.25, down over 7% in the past 24 hours and more than 22% in the last month.
The latest rout was triggered by President Donald Trump’s sweeping “Liberation Day” tariffs on major trading partners, including China, Canada, and Mexico. The ripple effects of the aggressive trade measures have spread across equities, commodities, and crypto markets, with altcoins like Solana suffering some of the steepest declines.
Why Is Solana Falling?
The combination of geopolitical stress and thin crypto liquidity has proven toxic for Solana. Over the past 24 …
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