Solana just closed its eighth consecutive red monthly candle — a first in the token's history. The streak, which stretches back to October 2025, has pushed SOL down to roughly $81 as of June 1, 2026. That's a brutal run by any measure, but the onchain picture tells a more complicated story.
The streak in numbers
Eight straight monthly declines is unprecedented for Solana. The previous longest losing streak was four months, set back in 2023. This time around, the selling pressure has been relentless, with each month printing a lower close than the one before it. At $81, SOL is down more than 60% from its 2025 highs near $210.
Yet some onchain metrics are flashing signals that would have looked bullish just a year ago. Active addresses, transaction counts, and staking participation have all held up better than the price suggests. The network isn't broken — it's just being hammered by macro headwinds and a broader crypto downturn.
Influencer reaction
Crypto influencer Ash Crypto addressed the losing streak directly on June 1. In a post to his large following, he acknowledged the milestone without sugarcoating it. The post drew thousands of replies, with sentiment split between holders vowing to ride it out and traders calling for further downside.
Ash Crypto's comment adds a layer of retail attention to what is otherwise a technical and onchain story. Whether that attention turns into buying pressure or just more noise remains an open question.
For now, Solana is in uncharted territory. The eight-month streak is a psychological hurdle as much as a technical one. The next monthly close — due in about 30 days — will either end the run or extend it to nine. There's no obvious catalyst on the calendar, meaning the market's mood alone will decide.
