Solana Slumps 5% to $170, Overwhelms Sygnum’s Staked‑SOL Boost
Posted On May 15, 2025
Swiss bank Sygnum’s move to accept staked Solana (CRYPTO: SOL) as loan collateral failed to stop a 5% slide in Solana’s price, which dipped to $170 on May 15 amid profit‑taking after last week’s rally.
Traders who piled into SOL during its surge toward $181 booked gains once broader market sentiment turned cautious. The dip comes amid real‑world integrations of SOL, and anticipation of strengthening Institutional demand.
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Thursday’s pullback did little to dull Solana’s momentum in other areas. The Crypto Fear & Greed Index eased from 74 to 71 as altcoins cooled off, but institutional and developer activity hit …
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