XRP, Solana, Chainlink, and Algorand Prices Drop 11% in Crypto Market Crash

On February 25, 2025, the cryptocurrency market experienced a substantial downturn, with major cryptocurrencies such as XRP, Solana, Chainlink, and Algorand witnessing a sharp decline of over 11%.

Bitcoin was trading well below the 89K mark at $89.6 minus seven per cent in 24 hours.

This sudden drop has raised concerns among investors and market analysts, prompting a closer look at the factors contributing to this market turbulence.

#BITCOIN DUMPS BELOW $90,000 🚨

As promised,
I want to change someone's life and send 1 $BTC (~$88,000) to one person by tomorrow.

Just like, retweet and comment 'done'.
Random winner in 15 hrs pic.twitter.com/IRErQHJ3e3

— 🇦🇪 Zayed Al- Hashimi زايد الهاشمي (@zayed_hashimi) February 25, 2025

Current Prices of Major Cryptocurrencies

Here are the current prices of the mentioned cryptocurrencies:

XRP Faces Considerable Decline

Interact with this post if you still didn’t sell a single #XRP! 💪 pic.twitter.com/iMk6LnJ8XP

— JackTheRippler ©️ (@RippleXrpie) February 24, 2025

XRP saw a notable drop in its price, falling by over 11% in a single day. Market analysts attribute this decline to a combination of factors, including increased regulatory scrutiny and market volatility.

According to a recent report, “XRP’s price action could benefit substantially from the approval of a spot XRP ETF, potentially driving it towards the $3 mark by February 25th”. However, the current market conditions have led to a significant setback for the cryptocurrency.

Solana’s Price Takes a Hit

Solana also experienced a substantial decline, with its price dropping by more than 11% on February 25, 2025. The sharp decline in Solana’s price is attributed to several factors, including the upcoming token unlock event and reduced network activity.

As noted by Joe DiPasquale, CEO of BitBull Capital, “Solana’s recent price drop below $150 can be attributed to several factors, including the upcoming March 1st token unlock, which will release around 11.2 million SOL tokens, increasing selling pressure”.

#Solana Finally dumped to $150 !

As promised,
I want to change someone's life and send 100 $SOL (~$15,000) to one person by tomorrow.

Just like, retweet and comment 'done'.
Random winner in 15 hrs pic.twitter.com/PlouNGlPlz

— Xavier Sterling (@xaviersterl) February 24, 2025

Chainlink Suffers Price Drop

Chainlink faced a similar fate, with its price plummeting by over 11% on the same day. The decline in Chainlink’s price is linked to broader market trends and increased selling pressure.

According to market data, “Chainlink is predicted to decrease by 16.03% in the next 5 days and hit a price target of $15.35 per LINK”. This bearish sentiment has contributed to the significant drop in Chainlink’s value.

🏆 Top 20 🏆
1. Bitcoin 89'261 🔻-6.79
2. Ethereum 2435 🔻-9.11
3. Tether USDt 0.99 🔻-0.03
4. XRP 2.24 🔻-9.61
5. BNB 613 🔻-4.00
6. Solana 139 🔻-12.64
7. USDC 0.99 🔻-0.01
8. Dogecoin 0.20 🔻-9.99
9. Cardano 0.66 🔻-9.99
10. TRON 0.23 🔻-7.01
11. Chainlink 14.78 🔻-11.12
12.… pic.twitter.com/nb1x24tPkh

— Crypto Zone 🆇 (@cryptozone_x) February 25, 2025

Algorand’s Price Falls

Algorand was not spared from the market downturn, with its price dropping by more than 11% on February 25, 2025. The decline in Algorand’s price is attributed to market uncertainties and low trading volume.

As highlighted in a recent analysis, “The price of Algorand (ALGO) has dropped by over 50% in the last two months from a high of $0.6”. This ongoing bearish trend has further impacted Algorand’s market performance.