The cryptocurrency Solana (SOL) has experienced a significant drop, falling below the $100 mark and stabilizing around $96. This trend was observed on the evening of February 3, 2026. Over the past week, the asset has lost 24.4% of its value.
This is reported by Business • Media
- The price of Solana has fallen below $100, trading at $96.
- The daily liquidation volume for futures contracts exceeded $36 million.
- The share of the supply in the unrealized profit zone has reached a minimum since December 2022.
At the time of writing, the SOL price is $96.3, and the market capitalization has reached $54.4 billion. Over the past day, the capitalization has decreased by 6.7%.
According to CoinGlass, the liquidation volume of futures positions on Solana exceeded $36.3 million in just 24 hours, with long positions dominating.
Analysis of the Reasons for the Decline
The significant drop in the Solana price is accompanied by an increase in the circulating supply of the asset and a rise in the unrealized loss indicator (NUPL). The latter has reached its lowest levels since October 2023, indicating a substantial number of holders who purchased coins at prices higher than the current market value.
“The share of Solana’s supply in the unrealized profit zone currently stands at 14%. This is a new low since December 2022.”
The cryptocurrency community notes that several factors have influenced the decline of Solana: high market volatility, which has particularly affected altcoins, the breach of the psychological support level at $100, which triggered additional selling, and the overbought condition of the asset.
Prospects for Solana
Analysts at Delphi Digital previously stated that 2026 would be a defining year for the Solana ecosystem. The current market situation could become one of the key points for the further development of the cryptocurrency.