Solana Falls 72% from January Peak as Institutional ETF Outflows Hit $11.9 Million in Single Day

Solana has declined more than 72% from its January 2025 peak of around $295, with institutional Solana-linked ETFs recording $11.9 million in single-day net outflows and total assets under management falling from above $1.1 billion to under $730 million, Bitcoinsensus reports. Technical analysis shows SOL has completed a macro head-and-shoulders breakdown and continues to post lower highs and lows, trading below the EMA20 near $104.73 with bearish Supertrend and MACD signals. Some analysts warn a move below $40 next month is increasingly plausible, though the measured target of the pattern is near $50, while investors have begun rotating toward projects such as Remittix—which raised over $29.3 million through the sale of more than 710 million tokens at $0.127 each and launched its PayFi platform on Feb. 9 with CertiK verification and support for over 40 cryptocurrencies.