"The bearish trend reversed in 2024 with a 30.5% gain, driven by renewed institutional interest and ETF momentum across the crypto sector. That trend continued into May 2025 with a modest 6% gain. Now in 2026, Solana has already posted gains of about 15%-the second-best May performance in SOL's history."
Solana rose above $90 on May 8 and gained about 10% over the prior week, trading near $95. The $100 level has not been reached since Solana fell to $71 in early February. Historical May performance since 2020 shows an average 6% loss, with several large declines tied to major market shocks. May 2020 fell 17.2% amid uncertainty after the pandemic. May 2021 dropped 24% after crypto sell-offs linked to Elon Musk’s comments on Bitcoin energy usage. May 2022 recorded a 46.3% loss during a broader crash driven by rising interest rates and the Terra/Luna collapse. May 2023 fell 8.66% after profit taking, while May 2024 gained 30.5% on institutional interest and ETF momentum. May 2025 gained about 6%, and May 2026 is already up roughly 15%.
Read at 24/7 Wall St.
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