The metric is at its lowest level since 2023, driven by multiple token unlock events and a fading memecoin market.
The Solana-to-Bitcoin price ratio (SOL/BTC) continues to struggle in 2025 as the token faces hundreds of millions in venture capital investor unlocks, while the collapse of the memecoin market has burned holder sentiment.
SOL/BTC is down to .0014, its lowest level since Dec. 2024, shortly before the token ratio skyrocketed towards .003 in March, the highest since 2022. The ratio is down 53% over the last year, and 44% since January.
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