Solana Price Falls to Around $85 Amid Market Repricing

Solana (SOL-USD) has seen its price drop significantly in recent months, reaching around $85 after a 33% year-to-date decline. This repricing of Solana as an asset class has led to a shift from high-beta winner to stressed asset.

Despite this, the network continues to process a high number of transactions with low fees and high speed, maintaining its position as one of the most active chains for DeFi, NFTs, and high-frequency on-chain activity. Daily usage metrics remain elevated versus previous months, indicating that Solana's throughput advantage is still intact.

The market cap near $47.7 billion keeps Solana firmly in the top tier of layer-1 assets, but the current setup justifies a speculative buy label with tight sizing and clear invalidation below the $79-$80 floor. The combination of strong network usage, resilient market cap, and upside targets in the $115-$160-$200+ corridor gives asymmetry for accounts prepared to tolerate volatility.