Solana News: Cryptocurrency Bounces Back Amid Market Recovery and High Trading Volume

Solana Crashes 12% as Daily Trading Volume Surges to $10 Billion

Solana crashed heavily earlier this week, losing 12% in a fortnight and 26% in a month, amid market pressures from the Bybit hack and an incipient trade war. However, it has recovered by 8% today, reaching $148, as the wider crypto market posts a 5% gain in the past 24 hours. The key indicator to watch is its 30-day momentum. With Solana’s volume touching $10 billion today, it seems that demand is finally recovering, positioning the coin for a concerted recovery in the coming weeks.

Small Investment in Solana Alternative Could See Big Returns

A $400 investment in a Solana alternative could grow to $40,000 before SOL reaches $300. The Solana price declined by 50% in Q1 2025 due to market instability. Future plans involving Token-22 and MetaMask integration could offer recovery opportunities, but Mutuum Finance, a newly created DeFi platform, shows more promising growth. During its second presale phase, investors must pay $0.015 per token, compared to $0.01 in Phase 1. The project has surpassed $2.1 million in funding and attracted over 4,000 independent holders.

Best Presales to Buy Now – Which Coins Are Too Cheap to Ignore?

With crypto prices seesawing through 2025, many investors are turning to the presale market to secure high-potential tokens before they hit exchanges. Presales remain largely insulated from market volatility, as ICO tokens are typically sold at fixed floor prices. This allows both retail investors and large-scale buyers to enter early without the immediate risks of price swings. The most successful presales often raise millions before launch, ensuring strong liquidity and momentum once trading begins. From there, 10x or even 100x returns are not uncommon. One notable presale is Solaxy ($SOLX), breaking new ground as the first Layer 2 scaling protocol built exclusively for Solana, designed to enhance scalability.

Solana Price Forecast: Traders Hesitant Despite Positive Sentiment

Solana price stagnated below $150 on Wednesday, despite a positive uptick in market sentiment. SOL price has been tempered by another 3 million SOL coins unlocked by FTX’s parent company Alameda Research this week. SOL open interest has hovered around $4 billion since Monday, as speculative traders remain hesitant about entering new positions. Derivatives market trends are signaling widespread hesitation among traders, casting uncertainty on SOL prices in the coming sessions.