Solana Falls Below $80, Posts Eighth Straight Monthly Loss as On-Chain Activity Plummets

Solana (SOL) fell below $80 on Wednesday, extending an unprecedented streak of eight consecutive monthly losses as the token continued a prolonged decline that began last year ^{[1] [2] [3] [4]}.

During the session SOL pierced critical support, reaching a reported low of $75.58; one report put the year-to-date decline at about 36.4% and noted the token has slid from roughly $253 to near $67 over the course of the streak ^{[4] [3]}.

On-chain metrics showed weakening activity on the Solana network, with decentralized exchange volume cited as having dropped roughly 82% — falling from about $104.3 billion to $18.8 billion in weekly volume in late May — while technical observers are watching the $70 area and a wider $50–$80 band as levels of interest ^{[4] [3] [5]}.

Reports indicate analysts and market watchers are monitoring monthly candle closes and network volumes to assess whether the decline stabilizes ^{[5] [4]}.