Solana (SOL) price dipped 2.4% to $176.88 on Saturday, May 24, 2025, after briefly overtaking Binance Coin (BNB) as the 5th-ranked cryptocurrency on Friday. The move above $181 proved short-lived, as memecoin-driven volatility swept bearish headwinds toward SOL markets following a controversial dinner involving U.S. President Donald Trump. Can Solana price reclaim bullish momentum and target $210, or is a deeper correction looming? Solana Tumbles as Trump Memecoin Sparks Market Controversy Solana (SOL) rode a bullish wave to this week to hit news peaks above $185 on Friday, fueled by rising network activity and growing institutional demand. The SOL price breakout to $186 marked a new 60-day high, and lifted its market cap above the $95 billion mark, briefly surpassing Binance Coin (BNB) to securing 5th spot among top ranked crypto assets. Solana Price Action, May 24, 2025 | Source: Coingecko However, the euphoria faded after Trump’s memecoin dinner event… Read More at Coingape.com

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Filed under: News - @ May 24, 2025 6:26 pm