Ah, the crypto market! It is already five days into the second month of 2026, and the air is thick with the aroma of grift and despair, like a poorly cooked borscht left to boil too long. Social media is alive with the frenzy of dire predictions and the usual “crypto winter” rants-think Binance FUD dancing on Twitter like a poorly choreographed ballet and Peter Schiff playing the role of the relentless jester, mocking the solemn Michael Saylor with the gusto of a court fool.
Amid this chaotic carnival, one Anatoly Yakovenko, the maestro behind Solana (SOL), has chosen to step into the limelight, addressing the specters of fear, uncertainty, and doubt that loom larger than the ghost of a long-forgotten czar. Perhaps he felt a shiver of nostalgia as memories surfaced of SOL crashing to a mere $8 back in 2023, like a tragic hero clinging to faded glory.
What happened to Solana (SOL)?
For the uninitiated, allow me to set the stage: the price of the Solana token has plummeted by over 63% since the notorious October of 2025, now languishing around $86-a figure that seems to be diving faster than a cat thrown into a bathtub.
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Indeed, this value still stands tenfold higher than Solana’s nadir post-FTX collapse, but the scars of battle remain, stark and haunting. Yakovenko, however, has donned the armor of rhetoric, declaring, “what is dead cannot die”-a statement plucked straight from the pages of history, perhaps borrowed from a certain literary series involving thrones and iron.
Few may recall the dark days when Sam Bankman-Fried left a gaping $10 billion crater in the wallets of unsuspecting customers, leaving Solana to weather a storm of devastation that would make even the toughest sailor weep. At that time, only seven developers remained to salvage the wreckage. Yet, fast forward three years, and our beloved SOL has not only risen from its grave but has clawed its way back to rewrite the chronicles of its former glory, losing a mere 60% along the way while still standing ten times higher than it did in 2023.
What is dead cannot die
– toly 🇺🇸 (@toly) February 5, 2026
Yakovenko has every right to swagger about like a Greyjoy fresh from victory, for Solana has indeed danced with death and emerged reborn, vying for a prime spot among the crypto elite once more. With its newfound status as the sanctuary for all that is trendy in the realm of cryptocurrency-from gambling escapades to meme coin madness, and cloud computing galore-it seems improbable that SOL will meet its demise again. But then again, in this circus of digital currencies, anything is possible!
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2026-02-05 20:30