The altcoin market at this second appears to be at a standstill: let’s take a more in-depth have a look at the worth traits of SOL (Solana), SUI, and SHIB (Shiba Inu).
Solana (SOL), SUI e SHIB (Shiba Inu): the present value evaluation
Throughout 2025, the development of the value of SOL, the native cryptocurrency of Solana, was not nice.
Certainly, in some methods it’d even appear regarding.
Suffice it to say that each SOL and BTC have reached new all-time highs in 2025, however whereas Bitcoin is now down solely -6% from these highs, Solana is even at -51%.
Furthermore, Bitcoin recorded new highs only a month in the past, whereas these of Solana date again to January. From February onwards, BTC first fell, after which rose once more, whereas SOL fell quite a bit, and rose little or no.
Suffice it to say that on the finish of October final yr, earlier than the mini-altseason of November triggered by the Trump commerce, the worth of SOL was nicely above $150, whereas now it has dropped to $145. Moreover, in April it hit an annual low of $105, a value not seen since February 2024.
The issue appears to be associated to memecoin.
Over the last main bull run crypto (the one in 2021), the worth of Solana reached a peak of about $240, however then through the subsequent bear market, it plummeted under $10.
It started to get well on the finish of 2023, first with a standard rebound above $50, after which significantly because of the memecoin.
Actually, because of very low charges, many new memecoins have been launched on Solana, which from this viewpoint has taken the place of Ethereum. The growth of memecoins on Solana allowed the worth of SOL to rise above $190 at first of 2024, after which after a return to $120, to rise to over $190 in January of this yr.
It ought to be remembered that the charges on transactions of any token on Solana, together with memecoin, should essentially be paid in SOL.
This dynamic, which lasted for a couple of yr and a half, appears to have led to February of this yr, with the worth dropping first under $120 after which additionally under $110.
The rebound of the final two months hasn’t been a lot, a lot in order that the worth continues to be under $150.
Shiba Inu (SHIB)
SHIB is the token of Shiba Inu, some of the vital memecoins on the planet.
SHIB is the second memecoin on the planet by market capitalization, behind solely DOGE of Dogecoin.
Dogecoin capitalizes greater than 25 billion {dollars}, whereas Shiba Inu stops just below 7 billion. In third place is PEPE with simply over 4 billion.
Dogecoin, nonetheless, is just not solely the primary memecoin to have been created, again in 2013, however it stands by itself, particularly because of the help it acquired previously from Elon Musk.
Subsequently, it’s Shiba Inu, and never Dogecoin, that finest represents the bull market of memecoins.
The very first thing you discover is that the present value of SHIB continues to be even 87% decrease than the all-time highs of 2021, which it has by no means even come near once more, not even through the mini-altseason of November 2024.
Actually, it’s even 37% decrease than the worth twelve months in the past, resulting from a collapse that occurred in the previous few months in two phases, one between January and March of this yr, and an much more latest one in Could. This collapse nonetheless appears to be ongoing, though it’s potential that in the end it’s going to cease.
The lows of the bear-market of 2022/2023 are nonetheless distant, however not too far, and that is almost definitely as a result of competitors from memecoins.
Memecoins are inclined to make a splash solely as soon as and to face sturdy competitors from new memecoins in subsequent cycles.
Moreover, ranging from February of this yr, the complete memecoin market has been experiencing some difficulties, though from this viewpoint it’d solely be a brief setback.
All this additionally explains very nicely why the worth of Solana has not rebounded like that of Bitcoin.
SUI
A totally completely different dialogue is the one regarding SUI.
The blockchain of Sui is just not significantly used for memecoins. It’s as an alternative used primarily within the DeFi sector.
This can be a crypto mission launched simply a few years in the past, and it has already reached a TVL DeFi exceeding 1.7 billion {dollars}.
Though such a TVL has led Sui to surpass way more historic initiatives, similar to Avalanche or Polygon, recently a probably sturdy new competitor has emerged, Hyperliquid, which has already surpassed it in DeFi TVL, albeit barely.
The value of the cryptocurrency SUI, nonetheless, doesn’t appear to have been considerably affected by this new potential competitors.
Actually, after reaching the brand new all-time excessive in January of this yr, above $5.3, within the following months it skilled a powerful correction all the way down to $2, which, nonetheless, by no means introduced it even near the $0.8 of the top of October 2024.
Moreover, ranging from the top of April, it marked an attention-grabbing rebound, despite the fact that it ended shortly earlier than mid-Could. Now the worth is $2.8, which is at a degree larger than any value it had traditionally earlier than the Trump commerce.
