Solana’s Resilience Post-FTX Collapse: Analyzing the $120 Threshold as a Strategic Entry Point

Solana (SOL) has experienced a significant 40.6% price decline since December 2024, a stark contrast to its previous bull run which saw it surge from a 2022 low of $9 to a peak of $263 in January 2025. As of the week ending December 18, 2025, SOL has fallen another 8%, bringing it NEAR a critical technical and psychological support level of $120. Market analysts are highlighting this potential drop below $120 as a strategic buying opportunity, citing the network's proven historical resilience. This perspective is heavily informed by Solana's recovery from the FTX collapse in late 2022, an event that caused a severe, but temporary, decimation of its value due to its close association with the exchange. The current pullback is viewed by some within the context of a healthy market correction following an extended period of growth. The network's underlying fundamentals, including its high throughput and low transaction costs, continue to attract developer and user activity. The $120 level is seen as a key threshold that has historically preceded notable price rebounds, making the current market sentiment a focal point for investors looking for long-term entry positions in a core blockchain infrastructure asset.

Solana's Potential Drop Below $120 May Present Strategic Buying Opportunity

Solana's 40.6% decline since December 2024 contrasts sharply with its earlier bull run, when the asset surged from 2022's $9 low to January's $263 peak. The current 8% weekly drop positions SOL near a critical $120 threshold that historically precedes rebounds.

Market analysts observe Solana's resilience through multiple crises, including the FTX collapse that temporarily decimated its value. The network's ability to recover from single-digit prices has cemented its reputation as a high-conviction asset among institutional traders.

Technical indicators suggest the approaching price level could trigger accumulation by long-term holders. Veteran traders recall similar opportunities during Solana's 2022 capitulation, which preceded its most dramatic appreciation cycle.

Silvergate's $10M Settlement Opens Claims for FTX-Linked Depositors

Investors affected by FTX's collapse have until Jan. 30 to opt out or file claims in a $10 million settlement involving Silvergate Bank. The resolution targets allegations that Silvergate aided FTX and Sam Bankman-Fried in tortious conduct. A Dec. 8 court filing deemed the settlement "fair, reasonable, and adequate," offering a rare recovery avenue beyond FTX's bankruptcy proceedings.

Judge Ruth Bermudez Montenegro will review the settlement on Feb. 9, with over 46,000 potential claimants already identified. Silvergate, once a crypto banking cornerstone, shuttered operations in March 2023 after FTX's November 2022 implosion. While criminal cases against FTX executives have largely concluded, civil litigation persists, underscoring the fallout's lingering impact.