{"id":57430,"date":"2025-04-07T16:07:06","date_gmt":"2025-04-07T16:07:06","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=57430"},"modified":"2025-04-07T16:07:06","modified_gmt":"2025-04-07T16:07:06","slug":"solana-sol-warning-is-a-40-crash-next","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=57430","title":{"rendered":"Solana (SOL) Warning: Is a 40% Crash Next?"},"content":{"rendered":"

TL;DR<\/strong><\/p>\n

SOL tanked by 15% daily amid market-wide panic from the global trade war, with analysts alerting about a potential drop to as low as $60.<\/span>
\nEarlier this month, Solana witnessed a major token unlock and whale sell-offs, which could have added to the selling pressure.<\/p>\n

<\/a><\/span><\/h2>\n

How Worse Can It Get?<\/h2>\n

Solana (SOL) is among the worst-affected cryptocurrencies following the latest crash<\/a> of the digital asset market. Its price briefly collapsed below $100 for the first time since February 2024 before slightly rebounding to the current $101 (per CoinGecko\u2019s data).<\/span><\/p>\n

<\/a>SOL Price, Source: CoinGecko<\/p>\n

The asset\u2019s major pullback comes less than three months after its all-time high of almost $290, <\/span>registered<\/span><\/a> shortly before Donald Trump\u2019s inauguration as the 47th President of the United States. The surge back then was partially fueled by the frenzy surrounding some Trump-themed meme coins, which are based on Solana\u2019s blockchain.<\/span><\/p>\n

Ironically, the POTUS, or more specifically, the trade war he declared to the rest of the world, appears to be the main factor behind the recent bloodbath in the crypto market and SOL\u2019s crash.\u00a0<\/span><\/p>\n

Several renowned analysts noted the asset\u2019s plunge, predicting further pain for the bulls in the short term. <\/span>Ali Martinez <\/span>believes<\/span><\/a> SOL\u2019s dive below $114 could be followed by a slump to as low as $60<\/span>. This would represent<\/span> a roughly 40% decline from the current valuation.<\/span><\/p>\n

Another person, using the X moniker Crypto_Jobs, <\/span>assumed<\/span><\/a> that Solana could find a \u201ckey bottom level\u201d at approximately $68-$70.\u00a0<\/span><\/p>\n

SOL\u2019s recent price decline coincides with a gradual decrease in the total value locked (TVL) in the ecosystem and its DEX volume. Those developments generally signal low user engagement, diminishing traders\u2019 confidence, and lower liquidity. <\/span><\/p>\n

It is important to note that Solana\u2019s TVL is measured in USD, meaning that if the price of the underlying token drops, the metric automatically goes down even if the same amount of SOL stays locked. DefiLlama\u2019s data <\/span>shows<\/span><\/a> that the indicator hit an ATH of almost $12 billion at the end of January, while currently, it is less than $6 billion.<\/span><\/p>\n

The Retreat of the Whales<\/span><\/h2>\n

Earlier this month, <\/span>a total of<\/span> $200 million worth of Solana tokens were unlocked, which, according to Arkham Intelligence, marked \u201cthe largest single-day unlock of staked SOL until 2028.\u201d <\/span>Prior to<\/span> the event, some big investors unstaked and <\/span>offloaded<\/span><\/a> millions of assets.<\/span><\/p>\n

Those developments are typically considered bearish in the short term since they increase Solana\u2019s circulating supply, which currently stands at over 515 million tokens.\u00a0<\/span><\/p>\n

The whales\u2019 actions could also spark panic in the community, prompting smaller investors to follow suit and further amplify the selling pressure.<\/p>\n

The post Solana (SOL) Warning: Is a 40% Crash Next?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR SOL tanked by 15% daily amid market-wide panic from the global trade war, with analysts alerting about a potential drop to as low as $60. Earlier this month, Solana witnessed a major token unlock and whale sell-offs, which could have added to the selling pressure. How Worse Can It Get? Solana (SOL) is among […]<\/p>\n","protected":false},"author":0,"featured_media":57431,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-57430","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/57430"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=57430"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/57430\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/57431"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=57430"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=57430"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=57430"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}