Solana Tvl Hits $8.6b Six-month Lows: Is $80 Sol Price Next?

SOL price traded 52% lower than its $255 highs reached on Sept. 18, as onchain data and a bearish pattern suggested that SOL investors risked further losses.

Solana’s native token SOL (SOL) fell 52% between Sept. 18 and Nov. 21, following the broader altcoin market crash that saw Bitcoin hit a seven-month low of $80,000. As a result, SOL price has lost key long-term support levels, with onchain and technical data suggesting a deeper correction below $100.

Solana's total value dropped to a six-month low of $8.67 billion.

Solana’s memecoin weekly trading volume has collapsed by 95% in 2025.

A bear pennant projects SOL price to drop toward $86.

The total value locked (TVL) on the Solana blockchain has dropped by over 34% to a six-month low $8.67 billion on Wednesday from its peak of $13.22 billion reached on Sept. 14. Solana’s TVL has remained below $10 billion over the last 30 days.

Data from DefiLlama shows that the subsequent drop in TVL was led by Jito liquid staking, with a 53% decrease since mid-September. Other major decentralized applications, such as Jupiter DEX, Raydium and Sanctum protocol, registered 30%, 46% and 46% declines, respectively.

Related: Solana ETFs record 7-day inflow streak despite price slump

SOL’s potential to drop below $100 is supported by the decline in Solana’s network fees, active addresses and transaction count over the last seven days.

Solana’s chain fees totaled $3.43 million over the past week, representing an 11% decrease from the previous week and a 23% drop from last month.

Source: CoinTelegraph