Solana’s Weakness: Causes and Future Outlook
✅ $SOL has dropped 40% in the past month and continues to decline faster than the overall market.
✅ One major factor behind this drop is the massive losses investors faced with $TRUMP. The token’s launch sparked a frenzy, draining liquidity from the market. However, its price soon crashed, losing 80% of its value.
✅ Another recent scandal shaking Solana is the $LIBRA rug pull, a token linked to Argentina’s president, further eroding investor trust.
✅ As a result, confidence in Solana has taken a hit, leading to lower trading volumes.
✅ However, no true alternatives exist. Neither BNB, TRON, nor TON can match Solana’s transaction speed or the vast ecosystem built around it in recent years.
💡 Despite the current setbacks, I believe Solana will bounce back and thrive when the next altseason begins! 🚀
