Solana ($SOL ) has experienced significant volatility recently, with its price currently at $140.34, down 11.92% from the previous close. This decline is influenced by factors such as the impending $2 billion token unlock, which has raised concerns about increased selling pressure.
Despite these challenges, some experts remain optimistic about Solana's long-term prospects. Projections suggest that $SOL could reach between $250 and $400 by 2025, potentially climbing to $1,351 by 2030, driven by its scalability and growing ecosystem.
However, the proliferation of meme coins and recent scams, such as the $Libra incident, have negatively impacted Solana's reputation, leading to a 15% drop in its token value.
In the short term, technical indicators suggest a bearish trend, with potential further declines if key support levels are breached. Investors should closely monitor market developments and conduct thorough research before making decisions.