- Solana’s June 13 price crash precipitated by geopolitical events.
- Potential 20% rebound from current levels foreseen.
- Technicals and speculation could influence market recovery.
Solana’s price experienced a significant drop on June 13, 2025, triggered by geopolitical tensions following Israel’s attack on Iran, causing SOL to fall to $141.56.
Solana’s crash, linked to global political tension, highlights cryptocurrency’s sensitivity to geopolitical shifts and has impacted market sentiment significantly.
Solana’s price decline
Solana’s price decline on June 13 was primarily due to external geopolitical factors, not internal protocol issues, with SOL hitting a low of $141.56 as international tensions affected the broader market.
Anatoly Yakovenko, Co-founder & CEO of Solana, stated, “While we haven’t made any public statements regarding the crash, we advocate patience and a long-term vision during periods of high volatility.” – CoinGape
Solana’s leadership has yet to publicly address the crash, but Anatoly Yakovenko and Raj Gokal have previously emphasized the platform’s resilience and strategic growth focus, reinforcing long-term confidence.
Financial and Market Impacts
The market crash immediately influenced several cryptocurrencies, with major assets such as ETH and BTC also seeing declines, demonstrating the interconnectedness of the sector during global events.
Financial and market impacts were significant, as shown by the temporary withdrawal from Solana’s DeFi protocols, with historical trends suggesting potential recovery as market sentiment stabilizes.
Speculation and Recovery
Speculation around a potential Solana ETF and positive historical recovery trends offer hope for a rebound. Solana’s community remains cautiously optimistic, buoyed by past resilience.
Technical patterns indicate potential recovery, with a double-bottom at $141.56 suggesting a target of $195. Historical trends support a technical rebound, as seen in previous crisis recoveries in the crypto market.
