SOL Falls To $95 As Bitcoin, Gold, Silver Sell: What’s Next?

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SOL has been lowered to 2026 as tech sector layoffs and artificial intelligence revenue concerns weigh on the market.

Despite the bad environment, Solana secured the vice lead, leaping 81 percent in network pay, outperforming competitors.

Solana native token SOL (SOL) traded to $100.30 on Saturday, hitting its lowest level since April 2025. While the 18% price correction in 30 days surprised traders, the move reflected broader altcoin market capitalization trends. Silver's 26% crash on Friday prompted cryptocurrency traders to brace for further losses.

SOL managed to reclaim the $102 level on Saturday, but sentiment remained subdued after $165 million in labor was released. After Amazon ( AMZN US ) announced on Wednesday that it would cut 16,000 white-collar jobs, sentiment has been heightened by rising tensions and an economic slowdown in Iran.

Investors grew more bullish when they learned that OpenAI accounts for 45 percent of Microsoft's ( MSFT US ) Azure cloud computing backlog. Additional tension stems from a Wall Street Journal report that Nvidia (NVDA US) will no longer invest $100 billion in OpenAI. The ChatGPT creator is expected to post a net loss of $14 billion by 2026, The Information reported.

Despite the adverse social and political environment, Solana's onchain activity has outperformed its competitors, cementing its position as the runner-up in network fees and total value locked (TVL). Healthy onchain metrics provide native tokens with a dual benefit: to encourage long-term holdings and increase shareholder returns as data processing fees create constant demand.

According to Nansen data, Solana's network charges are up 81% from trend over the past 30 days. In addition, active addresses grew by 62 percent, and transactions increased to 2.29 billion. In comparison, the Ethereum ecosystem – including layer-2 solutions – saw a total of 623 million transactions, while Ethereum base layer payments grew by only 11%. Solana has been a clear leader in the decentralized application (DApp) movement.

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As traders sought safety in cash and short-term government bonds, demand for leveraged positions on the SOL disappeared. Multibillion-dollar tech companies including Unity ( U US ), Aplovin ( APP US ), Figma and HubSpot ( HUB US ) experienced price drops of 30 percent or more within 30 days. Gold, often considered a safe haven, is down 13 percent from Thursday's all-time high of $5,600.

Annual funding on SOL perpetual futures has dropped to -17%, meaning shorts (sellers) are paying to keep their positions open. This condition is unusual, rarely lasts for a long time, and indicates a severe lack of appetite in the bulls. The move coincided with political disputes over US government funding.

The US Senate on Friday approved a relief package, alongside a two-week stopgap measure to allow more time for government funding, following Democratic criticism of immigration enforcement on funding for the Department of Homeland Security. The US House of Representatives is due to vote on the final version on Monday.

Solana's spot exchange-traded funds (ETFs) saw $11 million in net inflows on Friday, CoinGlass reported. Meanwhile, listed companies using SOL as a corporate reserve strategy are under pressure. Shares of Forward Industries ( FWDI US ), Upexi ( UPXI US ) and Sharps Technology ( STSS US ) traded 20% or more below their respective holdings.

The SOL's path to regaining bullish momentum depends largely on renewed confidence in global economic growth and socio-political risks that may not materialize in the short term.