Solana Tumbles 8%, Erasing All Year-Over-Year Gains as Spot ETF Debuts Fail to Boost Price

Solana, the popular cryptocurrency known for its fast transaction speeds and low fees, experienced a significant decline of 8%, causing it to lose all of its gains achieved over the past year. This drastic drop in value occurred despite the recent debut of spot exchange-traded funds (ETFs), which had been anticipated to provide a boost to the cryptocurrency market. Unfortunately, the expected positive impact of these ETFs on Solana's price did not materialize, leading to this steep downturn in its valuation. source: https://www.coindesk.com/markets/2025/10/30/solana-tumbles-8-erasing-all-year-over-year-gains-as-spot-etf-debuts-fail-to-boost-price