$SOL Members of the crypto community believe that Solana is under pressure from the largest cryptocurrency exchange #Binance . Confrontation with such a strong player may weaken the cryptocurrency's positions in the market.
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Many crypto investors believe that the market decline at the end of August was caused by large cryptocurrency exchanges. In their opinion, trading platforms manipulate prices.
To do this, they intentionally launch cryptocurrency sell-offs, thereby intensifying fear in the market. In this way, cryptocurrency exchanges can profit from short positions and buy coins at bargain prices.
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One of the victims of trading platforms, according to participants in the crypto community, was Solana (SOL). The opponent of the cryptocurrency turned out to be Binance.
The main reason for the confrontation between the projects may be SOL's high position in the capitalization ranking. The coin is $10 million away from BNB, the native token of Binance, although just a couple of days ago the gap was only $2 million.
The cryptocurrency exchange, according to crypto enthusiasts, does not want Solana to surpass its token.
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Analyst M********y warns that Binance may use its users' cryptocurrency to exert pressure on Solana.
He came to this conclusion because the exchange itself does not have enough SOL volume to exert such influence on the price.
Recall that Solana updated its all-time high on January 19, 2025, at $294. At the time of writing the review, the cryptocurrency is trading at $202.
Crypto investor K**s B*****i noted that Solana has been trading sideways for 18 months. From a technical analysis perspective, such behavior of the cryptocurrency may be a period of accumulation of strength for a positive movement. Unfortunately, the altseason in 2025 ended before it even started. Therefore, the realization of SOL's accumulated potential remains in question.
Despite the unfavorable conditions faced by the market at the end of August, many investors do not lose hope for Solana's growth. The main obstacle in the coin's price could be the $210 level. Trader C****o C**f, for example, believes that before the resumption of SOL's growth, it may update the local minimum. He shared the proposed trajectory of the cryptocurrency's price movement in the chart: 
Analyst M********y believes that Solana, despite being susceptible to manipulation, looks attractive due to high staking yields. According to his forecasts, over time, demand for SOL from institutions will grow, giving the coin a new impetus for a bull rally.
