🚨 $SOL is in BIG danger! ⚠️
⚠️ Major support for Solana is breaking, which could trigger a significant downtend below $160
Here’s why:
1️⃣ Memecoin Madness: https://t.co/KNDZNQZDPW and new memecoins brought volume, but the majority are rugs, farms, and insider scams, hurting trust in the ecosystem.
2️⃣ Falling Interest: After the $LIBRA rug pull, investor confidence is fading. More security investigations on-chain = bad news for chain growth. Doubt into solana chain is at peak 😨
3️⃣ Massive Unlock Incoming: On March 1, 2025 11.2M $SOL (~$2B) will be unlocked, flooding the market and possibly leading to another sellof.
🔹 The hype from $TRUMP s official meme boosted interest, but scams like #MELANIA, $CAR, and $LIBRA crushed confidence, making investors leave the chain for good...
💰 Investors are rotating into $ETH & $BNB for the first time in a while. Very interesting weeks are coming 👀

From X
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