Ethereum (ETH ($2,853.25)) and Solana (SOL ($218.86)) staged a recovery Monday evening after President Donald Trump extended his tariff pause to Canada, following a similar agreement with Mexico that eased fears of an escalating North American trade war.
The world’s second-largest crypto bounced back to $2,881 after plummeting to $2,135 during Asian trading hours, a drop that marked its steepest single-day decline since May 2021.
The 18% crash during manic Monday trading in the U.S. morning wiped out more than $600 million in Ethereum futures positions, Decrypt reported.
Meanwhile, Solana demonstrated greater resilience, climbing 13.5% to $216 from its intraday low of $190. Solana remains little changed at $218, data shows.
The recovery outpaced Ethereum’s gains, showing SOL’s growing strength in sectors such as meme-coin trading and decentralized finance. Trading volume for SOL swelled by 27% on the day, according t…
