Crypto Crash: Is Solana a Buy After Its 67% Plunge?

2026-02-22 07:26:00 ET

The total value of all cryptocurrencies in circulation peaked at $4.4 trillion in late 2024, and it has since plummeted by 45% to just $2.4 trillion as I write this, with the declines accelerating over the last few months. None of the major tokens or coins have escaped the carnage, not even those with genuine use cases that are supposed to drive real value.

Solana (CRYPTO: SOL) is the native cryptocurrency in a unique network with the same name, which was launched in 2020 as a cheaper, faster, and more capable version of the Ethereum (CRYPTO: ETH) network. A growing number of developers use the Solana platform to build decentralized applications, which are popular in industries like gaming and finance.

Solana is currently down 67% from its 52-week high. In theory, its value should increase as more people use its network, which means the recent sell-off might be a solid long-term buying opportunity.

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