LemonTrades
TL;DR
- For: fast, cheap transactions that made it a hub for trading apps, stablecoins and meme coins, plus US spot ETFs since 2025.
- Against: SOL fell 19% in October and is about 70% below its January 2025 record of about $294. The network has stopped several times, most recently for about five hours in 2024.
- Analysts watch about $98: getting back above it would be the first sign of a recovery.
- LemonTrades tells you what moved Solana, and why, as it happens, with alerts on sharp moves.
Solana went from near zero after FTX’s collapse to one of the biggest coins. Here’s where it stands now.
The case for Solana
- Speed and cost: transactions usually cost a fraction of a cent and confirm in seconds.
- Real use: it’s a big network for stablecoin payments, trading apps and new tokens.
- ETFs: US spot Solana ETFs launched in 2025, making it easy to own in a brokerage account.
- Staking: holders can lock up SOL to earn a yield, paid in new coins.
The case against
- Volatility: it fell about 96% in 2022 and is down about 70% from its 2025 record.
- Outages: the network halted several times in 2022, and for about five hours in February 2024.
- Competition: Ethereum and its add-on networks, and newer chains, chase the same users.
- Meme coins: much of its activity is speculative trading that can dry up fast.
- Money leaving: Solana ETFs saw about $144 million of outflows in October.
If you buy
Keep it small, buy in steps, and use a reputable exchange or a spot ETF. The steps are the same as buying Ethereum. Compare it with Dogecoin and bitcoin, and read will crypto go back up.
Sources
Education, not financial advice. Crypto can fall sharply and you can lose all of your money. See our disclaimer.
