Solana News: SOL’s Price Volatility Amid Strategic Reserve Rumors and Argentine Legal Troubles

In the world of cryptocurrencies, Solana (SOL) has been experiencing a rollercoaster ride lately, with its price fluctuating significantly due to various factors. Here’s a closer look at what’s been happening with SOL recently.

Tariff Fears Wipe Out SOL’s Weekend Gains

Three days after President Donald Trump’s surprise announcement that SOL might be included in the upcoming US crypto strategic reserve alongside BTC, ETH, XRP, and ADA, SOL surged to a local high of $178 but retraced quickly. At the time of writing, SOL was settling around $141, still a 10% gain from its $128 price before the announcement.

Argentine Prosecutor Moves to Freeze $100M in Crypto Raised by LIBRA Sale

The lead prosecutor investigating Argentine President Javier Milei’s alleged participation in a scandal involving LIBRA has requested the freezing of assets related to the case and the recovery of deleted social media posts. Milei promoted LIBRA, a Solana-based meme token, telling his followers that ’the world wants to invest in Argentina.’ LIBRA’s market cap reached about $4.5 billion but soon collapsed, leading some to allege it was a pump and dump scheme.

Solana Price Prediction Jan 1st 2026 After US Crypto Reserve Announcement

Recent market moves have shown a positive solana price prediction due to the latest Donald Trump declaration on a US Crypto Reserve. Amid this, Remittix (RTX), a DeFi coin, has returned 362% for early investors in its presale. Despite being among the top 10 cryptocurrencies, Solana (SOL) has displayed considerable volatility, dropping around 30% on the one-month chart according to CoinMarketCap.

Solana Shows Strong Recovery, Potential Rally Toward $157

Solana (SOL), the sixth-largest cryptocurrency by market cap, has made a notable recovery over the past 24 hours, rising by 5.52%. Trading at $144, the altcoin is now showing promising signs of a bullish comeback after a series of price fluctuations. Investors are closely watching Solana’s price action, with many hoping that the recent uptick may be a precursor to a more substantial rally, potentially targeting the $157 level. Solana’s price faced significant pressure in recent weeks, dipping to a low of $130 on March 4. However, buyers stepped in to push the price higher, leading to a 1.18% recovery by the end of the day. The price action formed a Doji candle pattern, indicating market indecision, but the lower price rejection NEAR the $130 mark has provided significant support.