Before investing in Solana, it is crucial to have a clear understanding of certain important factors. 🚀.
Solana's journey has been quite remarkable. After consolidating for over 50 weeks, it finally saw a massive uptrend in price. Its successful CoinList auction closed at $0.22 in 2020, and since then, it has been gaining popularity due to its high transaction throughput, low fees, and growing ecosystem of decentralized applications (DApps). Solana's unique technology, which focuses on scalability and fast transaction confirmation times, has made it attractive to developers and users. Although Solana reached an all-time high of $260, it suffered a significant setback when it dumped to $8 due to the collapse of Alameda and FTX. FTX's significant holding in SOLANA led to fear that FTX would dump all assets. However, Solana regained the community's trust and consolidated over the year for the next uptrend. Despite the recent positive developments, the market still fears that FTX will liquidate its holding during this pump. FTX has a vesting schedule from 2027 to 2028, but it's worth noting that FTX is getting approximately 641k Solana monthly from the unlocking schedule$SOL $SUSHI $AAVE