Solana cycles & crashes
Solana launched in 2020, and its 2021 top was followed by one of the deepest drawdowns any major coin has recorded. Below is every drawdown of 50% or more in the price history we hold — how deep it fell, how long the fall took, and how long until a new all-time high. History, not a forecast. Not financial advice.
Daily closing prices, 2020-04-10 to 2026-07-18. Peaks therefore read slightly below the intraday records quoted elsewhere, because a coin can spike and close lower the same day. All-time high and every drawdown below are computed from this series, not copied from anywhere.
Every major crash (50%+ drawdowns)
| Peak | Trough | Drawdown | Time down | To new ATH |
|---|---|---|---|---|
| 2025-01$262 | 2026-06$62 | -76% | 1.4 yr | not yet |
| 2021-11$259 | 2022-12$10 | -96% | 1.1 yr | 2.1 yr |
| 2021-05$56 | 2021-07$23 | -58% | 2 mo | 27 days |
| 2020-08$5 | 2020-12$1 | -75% | 4 mo | 41 days |
- The deepest fall on record here is -96%, from the 2021 peak.
- Getting back to a new high took 9 mo on average across 3 completed cycles, and as long as 2.1 yr.
- The current drawdown is still open: SOL has not yet reclaimed its prior high, so its recovery time is unknown rather than zero.
- These are price drawdowns measured from daily closes. Past cycles do not predict future ones.
Coverage starts 2020-04-10, which is as far back as free daily history reaches for SOL. Every figure above is computed by us from that series. Percentages are price drawdowns, not market-cap drawdowns; for coins whose supply is still growing, the market-cap fall can differ from the price fall. Past cycles do not predict future ones. Educational only, not investment advice.