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Bitcoin

Is it disrupted 40 % after that?

TL; D

  • Sol launched 15 % per day amid a state of panic in the market level of the World Trade War, with analysts alerting to a possible decrease to $ 60.
  • Earlier this month, Solana witnessed a major symbolic opening and whale sales, which could add to the pressure pressure.

How worse than that?

Solana (Sol) is among the worst encoded currencies after the latest collision of the digital asset market. Its price has collapsed for a period of less than $ 100 for the first time since February 2024 before recovering slightly to the current $ 101 (for all Coingecko data).

Soul price
Sol Price, Source: Coingecko

The main decline of the asset comes less than three months after its highest level at about $ 290, registered Shortly before Donald Trump’s inauguration as 47 head of the United States. The increase at the time was partially supported by the frenzy surrounding some of the Trump -based coins, which are based on Solana Blukachin.

Ironically, Potus, or more specifically, the trade war it has announced for the rest of the world, appears to be the main factor behind the last bloodbath in the encryption market and a Seoul accident.

Several famous analysts have pointed out the descent of assets, expecting more pain for the short -term bulls. Ali Martinez Secure Sol diving can follow less than $ 114 to a decrease of $ 60. This will represent About 40 % of the current evaluation decrease.

Another person, using X Monike Crypto_Jobs, supposed Solana can find “the bottom of the key” at about $ 68 to $ 70.

The last Sol price decreases coincides with a gradual decrease in the total closed value (TVL) in the ecosystem and the size of DeX. These developments generally indicate a decrease in the user’s participation, the decrease in the confidence of traders, and the low liquidity.

It is important to note that the Solana TVL is measured in US dollars, which means that if the price of the basic distinctive symbol decreases, the scale decreases automatically even if the same quantity is locked. Defillalama data He appears The index hit ATH by about $ 12 billion at the end of January, while less than $ 6 billion.

Whale

Earlier this month, total Values ​​worth $ 200 million of Solana’s distinctive symbols were canceled, according to Arkham Intelligence, bearing the “largest one -day opening of Staped Sol until 2028”. Before y to you The event, and some of the big investors are not independent and Discharge Millions of assets.

These developments are usually diligent in the short term because they increase the traded Solana supplies, which are currently more than 515 million symbols.

Whale behavior can also cause panic in society, pushing smaller investors to follow his example and increase the amplification of the pressure pressure.

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