Gemini Launches Crypto Credit Card with Solana Cashback

2026 has been a difficult period for the cryptocurrency market: since the start of the year, each of the five largest crypto assets by market capitalisation has posted double-digit losses. Among this group, Solana ($SOL) has suffered the most, losing more than 47% of its value since January 1. To understand where the market may head next, we asked several leading modern artificial intelligence (AI) models to forecast the year-end prices of $BTC, $ETH, $BNB, $XRP and $SOL. Their answers were, to put it mildly, intriguing.

Solana ($SOL) has hit its lowest level in 2.5 years, erasing the gains it made last year during the memecoin frenzy and the trend of public companies accumulating crypto reserves. On 5 June, the price of $SOL fell below $64 for the first time since December 2023.

Solana ($SOL) continues to face growing pressure as sellers maintain control of the market following a sharp decline from recent highs. The cryptocurrency is now trading near $68.5 after losing several important support levels that had previously helped stabilise price action. Market participants remain cautious, as weakening sentiment, declining capital flows and a fragile technical structure point to continued downside risks.

Solana has completed eight consecutive months of negative performance for the first time in its history. As of June 1, 2026, SOL was trading around $81 despite on-chain metrics remaining at levels that would have been considered highly bullish just a year ago.

This year, capital has been leaving the crypto market, but some funds are flowing from one altcoin to another. Arthur Hayes believes Solana’s weak performance is linked to liquidity moving into Hyperliquid.