Solana faces double challenges: Meme ebb and huge unlocking
Solana, the former star of the digital currency market, is facing unprecedented double tests. The ebb of the Meme craze and the huge SOL unlocking cast a shadow on Solana's future.
The Meme craze once helped Solana to rise all the way, but as institutions became "big dealers", retail investors gradually realized the bubble nature of Meme and threw themselves into the arms of institutions. The emergence of celebrity top-tier projects has exacerbated the bubble. When the trading team surfaced, retail investors realized that they had become pawns. The collapse of the Meme craze has dealt a heavy blow to the Solana ecosystem.
The huge SOL unlocking brought about by the bankruptcy of FTX has become another heavy blow to Solana. If no one takes over these low-cost tokens, it will bring huge selling pressure to SOL and huge pressure to the Solana ecological community.
In despair, Solana still has a glimmer of hope. The Solana spot ETF, which is expected to be passed this year, and Trump's friendly crypto policy are seen as a turning point for Solana. But it will take some time for the ETF to be approved, but the unlocking is imminent.
Can Solana survive the difficulties and regain its former glory? This is not only a test for Solana, but also a reflection on the entire digital currency market. The ups and downs of the market have witnessed the greed and fear of human nature, and also exposed the fragility and uncertainty of the digital currency market.
But it is these challenges and opportunities that drive the digital currency market forward.
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