The cryptocurrency Saros (SAROS) skilled a dramatic 70% worth drop on August 24, plummeting to its lowest degree since April 2025.
The steep decline, which briefly erased months of good points, has sparked widespread concern amongst traders. Some market watchers have even drawn parallels to the troubled trajectory of MANTRA (OM).
Why Did SAROS Token’s Worth Crash?
For context, Saros is a decentralized finance (DeFi) platform constructed on the Solana (SOL) blockchain. It combines a variety of companies right into a single ecosystem, together with buying and selling, staking, yield farming, launchpad participation, and extra.
Its native utility token, SAROS, powers governance, staking, liquidity incentives, and extra. The token is deployed on each Solana and Viction.
The altcoin, which has a market cap of $922 million, has been on a predominantly upward development for months and reached an all-time excessive (ATH) on August 04.
Nevertheless, yesterday’s 70% crash hindered this upward trajectory, pulling the value shortly again to four-month lows. Market knowledge confirmed that SAROS’ worth dipped to $0.109, a degree final seen in April.
Nonetheless, the dip was temporary. SAROS bounced again and reversed its losses. On the time of writing, it was buying and selling at $0.35, down 5.3% over the previous day.
Thanh Le, founding father of Saros, addressed latest worth volatility. He defined that the sharp strikes in SAROS resulted from leveraged merchants decreasing their positions on centralized exchanges, which brought about open curiosity to fall sharply.
“Primarily based on our ongoing investigations and accessible knowledge, we imagine it is a market-driven adjustment, probably involving a big, highly-leveraged place decreasing its publicity on centralized exchanges (CEX). Previous to the motion, open curiosity was roughly 90M SAROS, based on change knowledge, and it has since decreased to round 20M SAROS,” he mentioned.
He careworn that neither the crew nor long-term traders bought their holdings.
“Market cycles come and go, however our focus stays the identical: constructing Saros into the liquidity spine of Solana. Your belief and help are what drive us, and we’ll proceed to maintain you knowledgeable each step of the way in which,” Le added.
Regardless of this, the main crash brought about many merchants to lose cash and shook the market sentiment. CoinGecko knowledge confirmed that over 50% of the group is bearish on SAROS.
Welcome to crypto
By no means commerce and not using a Cease-Loss! Irrespective of how a lot revenue you’re sitting on, one sudden transfer can wipe all of it out.
Simply have a look at #SAROS — 142 days of good points erased in a single day dump.
Danger administration > Hype. pic.twitter.com/mlnhh4WY9v— Crypto Tigers (@Crypto_Tigers1) August 24, 2025
The volatility has reignited comparisons to OM, which skilled a 90% crash in April and has but to get well utterly.
“It’s going to maintain falling for no less than 1-2 years now…No matter I mentioned about OM earlier than got here true, and now no matter we mentioned about Saros got here true too,” an analyst remarked.
Thus, this incident highlights the broader dangers inside the altcoin market. Whereas SAROS has proven some restoration, the value drop has left many questioning the market’s stability. Now, the group will watch intently to see how Saros navigates this setback.
The submit Saros (SAROS) Faces 70% Crash: What Brought about the Sudden Worth Drop? appeared first on BeInCrypto.
