Solana (SOL) has experienced a significant price decline, dropping from over $141 a month ago to trade around $126, representing a nearly 57% retracement from its January peak near $295. Analysts note that SOL is now testing a critical support zone between $123 and $125. A break below this level could trigger a deeper reset towards the $100–$118 range, while holding it could reopen a path toward $140.
This price weakness coincides with a broader market rotation away from speculative assets toward projects demonstrating real-world utility. This shift is exemplified by the rapid growth of the Digitap ($TAP) presale, which has raised over $2.6 million in just two months, with its current round already 57% sold out. The $TAP token price has appreciated over 200% from its initial presale level of $0.0125 to its current price of $0.0383, with a target listing price of $0.14 on multiple exchanges.
Digitap is positioning itself as an "omnibanking" platform designed to bridge crypto and traditional finance. Its core value proposition is providing a single platform that integrates crypto with established banking rails like SWIFT, SEPA, and ACH, enabling near-instant settlements across multiple payment networks. The project emphasizes a working product—a live app on iOS and Android—and a deflationary token model where platform revenue is used for daily buy-back and burn mechanisms on its fixed supply of 2 billion tokens.
To fuel further presale momentum, Digitap is running a "12 Days of Christmas" promotional event, offering over $300,000 in bonuses, prizes, and giveaways through 24 time-limited offers. Market analysts, including one referenced as Crypto Christopher, have labeled Digitap's offering as "the best crypto presale of 2025," citing its focus on solving real-world banking access problems for an estimated 1.4 billion unbanked people globally.
The contrasting narratives highlight a changing market dynamic: while established Layer-1 chains like Solana face selling pressure in a bearish environment, capital is flowing toward presale projects like Digitap that promise tangible utility, integrated banking infrastructure, and a tokenomics model backed by actual platform usage.
