Since I cleared my position in SOL at 240 and made a profit of 6 million U, it has been a long time since I talked about SOL. Brothers, it's not that I've lost interest in SOL, but rather I've been waiting for the right opportunity. Now, I feel that opportunity may be coming soon, so I'm preparing to invest 1 million U to once again position myself in SOL.
1️⃣ Recently, there has been a large unlock of over 2.3%, with 11.2 million SOL (worth 2 billion USD)
2️⃣ On-chain projects no longer have a wealth effect, and the tokens of these projects have generally dropped by over 80%-90%, and SOL is beginning to show signs of fatigue.
3️⃣ Big players are starting to prepare to escape from SOL.
🟨 But don't forget, buying when no one cares usually leads to the next wave of takeoff, which will likely happen around the time the ETF is approved. Currently, SOL's on-chain revenue will continue to grow, and the technical experience of SOL is getting better and better. This trend will not change; it just needs a hot topic to make a comeback.
🟨 Therefore, I still have three spot buy points at 172/148/125, which are not mandatory, but I will buy in batches when it reaches those points. I am currently preparing to invest 1 million U for this.
FTX's debt will also gradually be consumed by the market. From the trading data, since January 1, the average 24-hour trading volume has exceeded 7 billion USD.
As in the past, the collapse of FTX dealt a significant blow to the Solana ecosystem, causing the price of SOL tokens to drop by 97% from its peak.
Despite facing a major crisis (if it were another coin, the body might not even be found), Solana has shown resilience, reborn from the ashes, and has become one of the recognized "three giants" in the crypto world.
A strong cryptocurrency is not measured by how high it climbs to the peak, but by its rebound strength from the trough.
Through countless battles, wearing golden armor, I will not return until I conquer Loulan. SOL, we will meet again in the future!
1️⃣ Recently, there has been a large unlock of over 2.3%, with 11.2 million SOL (worth 2 billion USD)
2️⃣ On-chain projects no longer have a wealth effect, and the tokens of these projects have generally dropped by over 80%-90%, and SOL is beginning to show signs of fatigue.
3️⃣ Big players are starting to prepare to escape from SOL.
🟨 But don't forget, buying when no one cares usually leads to the next wave of takeoff, which will likely happen around the time the ETF is approved. Currently, SOL's on-chain revenue will continue to grow, and the technical experience of SOL is getting better and better. This trend will not change; it just needs a hot topic to make a comeback.
🟨 Therefore, I still have three spot buy points at 172/148/125, which are not mandatory, but I will buy in batches when it reaches those points. I am currently preparing to invest 1 million U for this.
FTX's debt will also gradually be consumed by the market. From the trading data, since January 1, the average 24-hour trading volume has exceeded 7 billion USD.
As in the past, the collapse of FTX dealt a significant blow to the Solana ecosystem, causing the price of SOL tokens to drop by 97% from its peak.
Despite facing a major crisis (if it were another coin, the body might not even be found), Solana has shown resilience, reborn from the ashes, and has become one of the recognized "three giants" in the crypto world.
A strong cryptocurrency is not measured by how high it climbs to the peak, but by its rebound strength from the trough.
Through countless battles, wearing golden armor, I will not return until I conquer Loulan. SOL, we will meet again in the future!
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
SOL
172.82
+6.20%
XRP
2.3515
+2.09%
SUI
3.9096
-1.98%