Solana’s price took a sharp dive after Donald Trump’s tariff announcement, dropping below $120. Initially, when Trump began his speech, Solana surged to around $136, but as he made no mention of crypto, the market turned bearish. The coin tumbled nearly 15% and is now struggling to reclaim $120.
Trump’s latest tariff announcement definitely stirred things up in the crypto world. Bitcoin shot up to $87K for a moment but then fell back to $83K. Ethereum’s having a tough time too, stuck around $1,825 and finding it hard to climb past $2K. The whole crypto market took a hit, with the total market cap dropping to $2.68 trillion, down 1.16% in just the last day.
Solana saw a wild ride—pumping to $136 when Trump started speaking, only to crash below $120 once it was clear he wasn’t mentioning crypto. It’s down about 15%, fighting to hold above $120. But despite the dip, Solana’s trading volume exploded, up 105% to $6.19 billion, showing traders are still very active.
During his speech, which Trump dubbed “Liberation Day,” he caused a stir in global markets. Many were anticipating some comments on cryptocurrencies, but when he shifted the focus to tariffs instead, it left investors uncertain.
Now, people are wondering if this recent dip is just a temporary shakeout or the beginning of a larger crash. With Solana and other major players also struggling, the next few days will be critical in determining the market’s true direction.
Also Read: Trump’s Tariff Announcement To Push XRP Price Beyond $3?
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