Solana (SOL) Dominance Slips Under $150 as Sui (SUI) and DTX Exchange Emerge as Promising Alternatives

Solana (SOL) was once the undisputed leader of the meme coin craze, but its dominance is slipping under $150 as hype-driven rallies lose steam.

Solana (SOL) began 2023 as the undisputed champion of the meme coin mania, but its dominance is fading as the hype-driven rallies lose steam. Countering this trend, Sui (SUI) and DTX Exchange are emerging as promising alternatives.

Solana Price: A Sharp 60% Decline from January’s Peak

Hailed as the “Meme Coin King,” Solana (SOL) has been struggling to regain momentum after hitting an all-time high of $260 in January. Currently, the SOL price has dropped nearly 60%, last trading at $173 on 20th February 2025.

As the meme hype fades and retail investors take profits, the Solana price has been unable to hold its bullish trajectory. The decline in Solana price also shows a shift in market sentiment, with investors rotating into established projects or waiting amid overall economic uncertainty.

Resistance at $235 and important support at $200 indicate that the Solana price can experience more downward pressure if buyers fail to intervene. SOL may need a new catalyst to reclaim its former highs if the meme narrative truly fades. Meanwhile, investors are looking for better gains, and DTX Exchange, with its innovative features, might be the option.

Sui Defies Market Slump, Surges on Institutional Backing

Unlike Solana, Sui has bucked the trend, rising 4% in the last 24 hours to $3.3 on 20th February 2025. While many altcoins struggle for direction, Sui’s upward momentum is largely driven by Grayscale’s recent launch of the Grayscale Sui Trust, which has sparked renewed investor interest.

SUI’s Relative Strength Index (RSI) of 57 still leans slightly bearish, but the increasing demand from institutional players suggests a potential breakout. If SUI manages to hold above $3.3, it could push toward the $3.5-$3.7 range, while failure to maintain this support might see it testing $3.00 or lower.

As the Solana price struggles to move beyond its meme coin-fueled hype cycle, Sui’s steady rise, backed by institutional interest, could make it one of the positive performers in the coming months.

Solana, Sui, DTX: Key Takeaways for 2025

Solana began 2023 as the poster boy of the meme coin mania, but its heavy reliance on retail-driven hype has led to a drastic decline from January’s peak. In contrast, Sui (SUI) has gained 4% at $3.3 last Monday morning, driven largely by Grayscale’s launch of the Grayscale Sui Trust, which has sparked renewed investor interest in SUI.

Meanwhile, DTX Exchange is a hybrid platform that combines features of both decentralized and centralized finance. It offers a wide range of assets, including stocks, forex, commodities, ETFs, and cryptocurrencies, for a total of 120,000+ assets. The platform is built on the VulcanX blockchain, which can handle over 200,000 transactions per second.

Overall, Solana’s heavy reliance on meme coin speculation has made it more susceptible to market volatility. In contrast, Sui and DTX Exchange both offer more tangible value propositions, which could make them smarter picks in 2025.