Solana drops 16% after record high staking – Will SOL bulls support $126?

On January 25, 2026, Solana decreased by 16% after failing to surpass $145, with significant staking activity reaching 70%. Over $60 billion in SOL has been staked, reflecting strong investor confidence despite the price drop.

The Open Interest in Solana surged from $6.6 billion to $8.8 billion, signaling bearish control over the market. Liquidation risks loom near the $123-$126 area, and if prices fall below $118, further declines could ensue.

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