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Have Fun With A Quiz in Gate Chat Group & Unlock Big Rewards!
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2026 starts with this post!Gate 2025 Year-End Gala Square TOP50 List Announced!
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As of February 24, 2025, Solana (SOL) is trading at $157.43, reflecting a decrease of $11.50 (approximately 6.81%) from the previous close.
In November 2024, the election of Donald Trump as U.S. President was anticipated to transform the cryptocurrency sector, potentially leading to the approval of various cryptocurrency exchange-traded funds (ETFs), including those based on Solana. This development generated optimism within the crypto community, contributing to a market rally at that time.
However, the current decline in SOL's price may be attributed to market corrections following previous gains or other market dynamics.
Investors should stay informed about ongoing regulatory developments and market trends, as these factors can significantly influence cryptocurrency valuations.