VàngẢoTínĐồ
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The price of Solana (SOL) has dropped significantly over the past month, down 40% from its all-time high of $293 on January 19. Currently, SOL has fallen an additional 8% today, for the first time below $170 since early November.
- Solana has attracted attention due to the creation and speculation of meme coins, but this trend is waning.
- Many tokens have no real value and are largely pump and dump schemes.
- Trader 'Xremlin' believes that the situation for Solana is worse than the collapse of FTX, with insider trading harming retail investors.
Meanwhile, the price of Ethereum (ETH) unexpectedly rose, reaching $2,830, but then fell below $2,700. The total market capitalization decreased by 3%, with SOL being the largest loser among the top 40. 📉
- Solana has attracted attention due to the creation and speculation of meme coins, but this trend is waning.
- Many tokens have no real value and are largely pump and dump schemes.
- Trader 'Xremlin' believes that the situation for Solana is worse than the collapse of FTX, with insider trading harming retail investors.
Meanwhile, the price of Ethereum (ETH) unexpectedly rose, reaching $2,830, but then fell below $2,700. The total market capitalization decreased by 3%, with SOL being the largest loser among the top 40. 📉
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