SOL Long-term Trap: A Bloody Lesson from $280 to $38
At 2 AM, SOL dropped below $40 again, the market value of 500 SOL in the cold wallet is now just a fraction of its peak.
I once made money from $8 to $280 with it, but now I have to admit: holding SOL long-term is just giving the manipulators free kills.
The "timing and location" of those days have long become a fleeting memory. In 2022, the FTX collapse brought it down to $8, a miracle driven by the narrative of being the "Ethereum killer" + the end of the Federal Reserve's interest rate hikes.
The meme coin frenzy of 2024 relies on the hype of short-lived projects like Pump.fun.
But in 2025, after the Ethereum Cancun upgrade speeds catch up, and the Federal Reserve lowers interest rates allowing funds to flow back into US stocks, no one believes in the SOL story anymore.
The current good news is just the manipulators' selling script. Staking rate of 32%? This means 16.5 million SOL is locked up, and retail investors have a hard time escaping after taking over.
US stocks rising together? When TSLA drops, SOL is immediately sold off as a "risk asset," becoming a tail-end of US stocks.
Pump.fun? The code has already been copied by BSC, and users ran away within three days; it has no core competitiveness at all.
On-chain data is screaming: the whales have already left. Addresses holding over 10,000 SOL have decreased by 237 in three months.
The retail holding ratio surged from 18% to 45% — this is a typical "manipulator's distribution"; you are picking up their sell orders.
The self-rescue iron rule for old investors:
First Cut: Sell 50% now; the reasonable price for SOL is between $20-$30, and $40 is already a "decent" price offered by manipulators.
Second Cut: Set a stop-loss line at $25 for the remaining; if it drops below, cut it off. Protecting your principal is a thousand times more important than "waiting to break even."
Don't believe the nonsense about "overthrowing Ethereum"; the fate of LUNA and SOL is the same — those that can survive are always BTC and ETH.
The final truth: I once fantasized about SOL surpassing ETH, but now I understand: there is no "faith" in the crypto world, only scythes and chives.
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