**Recent Updates**
1. **Critical Bug Fix in Token-22 System**
- A vulnerability in Solana’s ZK ElGamal Proof program was discovered, allowing attackers to forge zero-knowledge proofs and potentially mint unlimited tokens or withdraw funds from wallets. The bug specifically affected Token-22 confidential transfers but did not impact standard SPL tokens.
- Patches were rolled out to validators by April 18, with no evidence of exploitation. The Solana Foundation emphasized network security and transparency in resolving the issue.
2. **Layer-2 Solution (Solaxy) Development**
- Solana’s first Layer-2 network, Solaxy, raised $33.1 million in presale funding. It aims to address network congestion and scalability, positioning Solana for institutional adoption and ETF-driven growth.
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### **Tokenomics Overview**
1. **Supply Metrics**
- **Circulating Supply**: 518.19 million SOL (86.4% of total supply).
- **Total Supply**: 600.06 million SOL.
- **Staked Supply**: 391.15 million SOL (65.2% of total supply), securing the network and earning staking rewards.
2. **Inflation and Unlocks**
- **Current Inflation Rate**: 4.555%, decreasing by 15% annually until reaching 1.5%.
- **Next Unlock**: 472,990 SOL ($69.49M) on May 7, 2025, part of Alameda/FTX bankruptcy releases.
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### **Price Predictions**
#### **Short-Term (2025)**
- **Bearish Scenario**: CoinCodex forecasts a dip to $142.29 by June 2025 (-3.09%) due to neutral market sentiment (Fear & Greed Index: 52).
- **Bullish Outlook**: Experts predict highs of $500–$1,000, driven by ETF approval chances (90% likelihood), institutional adoption, and technical patterns like a bullish "cup and handle".
#### **Long-Term (2026–2030)**
- **2026**: Potential range of $270–$645, with growth tied to ecosystem expansion.
- **2027–2030**: Forecasts suggest peaks of $1,250–$2,000, assuming mass adoption and infrastructure upgrades.
#### **Key Catalysts**
- **ETF Approvals**: VanEck’s $520 target hinges on SEC approval of spot Solana ETFs by October 2025.
- **Technical Upgrades**: Firedancer client diversity and Solaxy’s Layer-2 rollout aim to enhance scalability and decentralization.
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### **Risks and Considerations**
- **Network Stability**: Past outages (e.g., 17-hour downtime in 2021) highlight scalability challenges, though recent upgrades aim to mitigate these.
- **Regulatory Uncertainty**: SEC scrutiny over token classification could impact ETF approvals and market sentiment.
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### **Conclusion**
Solana remains a high-risk, high-reward asset. While short-term volatility persists, long-term growth is supported by technological innovation, institutional interest, and ecosystem expansion. Investors should monitor ETF developments, network upgrades, and macroeconomic trends.
For detailed charts, token unlock schedules, or expert analyses, refer to [CoinGecko](https://www.coingecko.com/en/coins/solana) or [CryptoRank](https://cryptorank.io/price/solana/vesting).