Skip to main content
COINSCIPHER
Subscribe
Solana · News

SOL Trades Near $73 as Solana Extends Its Month-Long Slide

SOL is holding around $73 as monthly losses deepen and the token stays below key moving averages. Traders are watching whether Solana can break its weeks-long pattern of steady declines.

By Eric Nkando, senior writer · 3 min read · Updated 15 Sep 2026
XLinkedIn

!Solana Holds Near $73 as Losses Deepen Over the Past Month

  • SOL is trading near $73.52, down 0.50% over the past 24 hours.
  • The token sits below all four major moving averages, favoring sellers.
  • Solana sits about 75% below its all-time high of $293.31.

SOL is sitting at $73.52 right now, down 0.50% on the day, according to price data from CoinsCipher. Not much of a move on its own, but it’s one more mark on a chart that’s been sliding for weeks.

The seven-day number is 1.70% lower. Stretch that to two weeks and it’s 4.30%. Neither is alarming by itself. The 30-day figure is where it starts to sting, with SOL down 9.10% over that stretch, and if you go out further the losses really stack up. The token has lost nearly half its value over 200 days. 48.40% to be exact, and it’s down 55.30% for the year.

Where Solana Stands Against Its All-Time High

January 19, 2025 was the last time Solana hit a new high, touching $293.31 and it’s never come close since. At today’s price, that’s a drop of about 74.9% from the peak and it says a lot about how much air has come out of the trade since then.

Go the other direction and the picture flips. Solana’s all-time low was $0.5008, way back in May 2020. So yes, the token is deep into a drawdown right now. But anyone who’s held since those early days is still sitting on massive gains.

What Solana’s Market Cap and Trading Volume Say About Current Demand

Market cap is $42.74 billion at the moment, good enough for the number 7 spot among all cryptocurrencies, per CoinsCipher’s rankings. Daily trading volume is running at $1.56 billion, which is respectable but not remarkable for a token of this size.

Circulating supply is around 581.3 million SOL. There’s no hard cap on total supply either, unlike Bitcoin, where scarcity is built into the code. That doesn’t make Solana worse as an asset, just different, and it’s part of why some investors weigh the two coins so differently when they’re thinking about long-term value.

None of this tells you where Solana goes from here. A single headline or a big enough trade can undo weeks of drift in an afternoon. What the numbers do show is a token that’s been losing ground steadily, not dramatically, across nearly every timeframe that matters. Until something breaks that pattern, more of the same seems like the likelier bet.

Sources:

![](https://secure.gravatar.com/avatar/2510b5bff6da2a621dbc7f1cf5b06ef4806fc5df5b7efac038bc48d4ce190e39?s=80&d=mm&r=g)

Written by

Eric Nkando

I’m Eric Nkando, a crypto and crypto tax enthusiast, with other extensive experiences in forex and stock markets. I believe crypto and blockchain are no longer alien topics and I’m here to help investors tackle emerging issues of taxation and prudential investment strategies. My approach? Delivering clear, insightful analysis on digital assets, market trends, and trading strategies, bridging complex technical concepts with practical investment perspectives. My work has been widely published on leading financial platforms such as Investing.com, FXLeaders, and The Distributed.

Analysts Flag Security Gaps in Standard Chartered-Backed Stablecoin

August 14, 2026

Metaplanet Denies Bitcoin Sale, Unveils BitBonds Program

August 13, 2026

Could Ripple’s Own Stablecoin Undercut Demand for XRP?

August 13, 2026

Binance bStocks Passes xStocks in Tokenized Stocks Race

August 13, 2026

More in Crypto News Today

  • [Analysts Flag Security Gaps in Standard Chartered-Backed Stablecoin

1 month ago](/crypto-news/analysts-flag-security-gaps-in-standard-chartered-backed-stablecoin/)

  • [Metaplanet Denies Bitcoin Sale, Unveils BitBonds Program

1 month ago](/bitcoin/metaplanet-denies-bitcoin-sale-unveils-bitbonds-program/)

  • [Could Ripple’s Own Stablecoin Undercut Demand for XRP?

1 month ago](/xrp/could-ripples-own-stablecoin-undercut-demand-for-xrp/)

  • [Binance bStocks Passes xStocks in Tokenized Stocks Race

1 month ago](/crypto-news/binance-bstocks-passes-xstocks-in-tokenized-stocks-race/)

  • [BOE Digital Pound Lab Tests Stablecoin-CBDC Interoperability

1 month ago](/crypto-news/boe-digital-pound-lab-tests-stablecoin-cbdc-interoperability/)

Top gainers 24h

  • Loading market data...

Top losers 24h

  • Loading market data...

Make sense of crypto.

Weekly analysis. No hype, no jargon. Free.