Crypto market overview on solana

[Tob-crypto]

Solana has been making headlines in the crypto world lately, thanks to its growing popularity, impressive price rallies, and some recent dips. Recently, it faced a significant decline during a broader market crash, which raised concerns among investors. Adding to the anxiety, some whales have unstaked a staggering $1 billion in $SOL , moving nearly half of that amount to the Coinbase Prime exchange, sparking fears of a potential sell-off. With the price already encountering resistance, it’s worth discussing the possible implications of this major whale activity.


During this overall downturn in the crypto market, Solana price dropped to a multi-month low of $126.11. However, it has bounced back with a 15% recovery in the last 24 hours, giving investors a glimmer of hope for a turnaround. This optimism is bolstered by rising interest from investors and a substantial open interest of $4.63 billion.
Let discuss

[Z-tight]

While i personally do not have any Solana, it is obvious to anyone in the crypto industry that Solana is now very popular amongst altcoiners. So many people are even calling Solana the Ethereum-killer because they think its growth is a sign that it will overtake Ethereum and become a more effcient layer 1 network in the altcoin market.

[Tob-crypto]

ETHEREUM has gone far on Crypto Solana just ranging $200 why ETH is $2K plus, Solana cannot overtake

Solana was category under memecoin producer

[bayu7adi]

ETHEREUM has gone far on Crypto Solana just ranging $200 why ETH is $2K plus, Solana cannot overtake

Solana was category under memecoin producer

Overtake in what context? Solana $2k you mean?? Omg... ETH took 10 years to reach its current level.. and solana is only 5 years old, that means it will take another 5 years for solana to grow like ETH is now, its price could reach $2k even less than 5 years, if only when the meme industry is dead, there is a new dominant industry that emerges using the solana blockchain network...

To be honest, the early emergence of solana is quite good, considering that currently there are many coins that are more than 5 years old, but they don't get a position in the top 10.... yes, it can be said that in the long term, solana still has a good chance...

[ABAK]

Solana's growth in the crypto space is remarkable, with many newly launched projects, especially in GameFi and memecoins leveraging its innovative capabilities. Although its continued evolution suggests that Solana might eventually overtake Ethereum, this would be a challenging feat since it must first outperform established tokens like BNB.

Meanwhile, a significant project, $STAR10, has capitalized on the BNB chain. Initially trading live on decentralized exchanges which later secured listings on top CEX like BingX, allowing many crypto enthusiasts to benefit from its early momentum and providing further opportunities for investors. In my opinion, BNB may be the next token to challenge Ethereum's dominance, though only time will reveal if this prediction holds true.

[ZAINmalik75]

During this overall downturn in the crypto market, Solana price dropped to a multi-month low of $126.11. However, it has bounced back with a 15% recovery in the last 24 hours, giving investors a glimmer of hope for a turnaround. This optimism is bolstered by rising interest from investors and a substantial open interest of $4.63 billion.
Let discuss

Whales must have found other opportunities to make profit because they don't move their funds to exchanges until they have to buy too this is not true for every situation. Although $1 billion amount is very big from Sol's TVL, these whales must have something big in their minds although this act is very strange because Trump has just shared he will add Sol in the reserves.

Optimism was a good network and 4,63 billion is also a big amount this act shows maybe these whales are finding Optimism more secure and profitable which it is. Technically, these whales are not loyal to anyone but profit.

[taufik123]

-snip-
Optimism was a good network and 4,63 billion is also a big amount this act shows maybe these whales are finding Optimism more secure and profitable which it is. Technically, these whales are not loyal to anyone but profit.

The optimism of the layer 2 network is not so crowded, but Base may be another option besides BSC and SOLANA.
Base has a TVL of $2,948 B and this is a pretty big number and the transaction fees are also very cheap.

Many memecoins have also appeared on Base and are certainly an alternative to Solana today.

[Amug123]

Solana has been making headlines in the crypto world lately, thanks to its growing popularity, impressive price rallies, and some recent dips. Recently, it faced a significant decline during a broader market crash, which raised concerns among investors. Adding to the anxiety, some whales have unstaked a staggering $1 billion in $SOL , moving nearly half of that amount to the Coinbase Prime exchange, sparking fears of a potential sell-off. With the price already encountering resistance, it’s worth discussing the possible implications of this major whale activity.


During this overall downturn in the crypto market, Solana price dropped to a multi-month low of $126.11. However, it has bounced back with a 15% recovery in the last 24 hours, giving investors a glimmer of hope for a turnaround. This optimism is bolstered by rising interest from investors and a substantial open interest of $4.63 billion.
Let discuss

Solana recent headlines can be attributed to the growing popularity,  impressive price rallies, the crypto currency has been making wave with it speedy and cheap transaction process which has led to sustain real usage and massive popularity and increased adoption.

[ZAINmalik75]

The optimism of the layer 2 network is not so crowded, but Base may be another option besides BSC and SOLANA.
Base has a TVL of $2,948 B and this is a pretty big number and the transaction fees are also very cheap.

Many memecoins have also appeared on Base and are certainly an alternative to Solana today.

Thanks for sharing the image, it was helpful, and you are right base has an amazing TVL and doing pretty good in compared to Op because airdrop hunters are spending huge money on this network and many news meme coins are being developed on this network too.

The fee is very low which attarcts the project and the participants basically and it is a new network and many project released on it gave participants huge profit too therefore the numbers are big, it can replace Solana soon but that's very long way to cover for it because Solana has been mentioned by Trump and Base is not.

[Bobcrypto]

The optimism of the layer 2 network is not so crowded, but Base may be another option besides BSC and SOLANA.
Base has a TVL of $2,948 B and this is a pretty big number and the transaction fees are also very cheap.

Many memecoins have also appeared on Base and are certainly an alternative to Solana today.

Thanks for sharing the image, it was helpful, and you are right base has an amazing TVL and doing pretty good in compared to Op because airdrop hunters are spending huge money on this network and many news meme coins are being developed on this network too.

The fee is very low which attarcts the project and the participants basically and it is a new network and many project released on it gave participants huge profit too therefore the numbers are big, it can replace Solana soon but that's very long way to cover for it because Solana has been mentioned by Trump and Base is not.

As far as crypto economy are concerned there is likely going be more blockchain networks coming board the crypto ecosystem. In facts, about one year ago we welcomed the Ton blockchain network, it is still a great platform, but after some months it's popularity begins to go down. Now the Base network has been launched with great futures, let see how it goes in near future.
As concerning Airdrops hunters you mentioned, hunters are not investors and i don't think Airdrops hunters has the capital to spend or boost a network, rather Air hunters are positioned to sell their Airdrop rewards once distributed to them.
Again, one of the biggest boost for Solana networks is the inclusion of Sol token on the strategic reserve list of coins/tokens as announced by president Donald Trump.

[Faisal2202]

While i personally do not have any Solana, it is obvious to anyone in the crypto industry that Solana is now very popular amongst altcoiners. So many people are even calling Solana the Ethereum-killer because they think its growth is a sign that it will overtake Ethereum and become a more effcient layer 1 network in the altcoin market.

These people are calling it ethereum killer from a long time, while it still can't kill eth by market cap because eth network is very big and solana is just getting started so maybe in few years solana could kill eth but if eth will make some big updates then eth will be on top again.

I also don't own any solana because the pump in the price is mostly due to the meme coins made on it, once they lump the token price pumps, now as trump said he will add solana too and calls it a good project too CMIIW, so it can still pump again.

Now they are introducing layer 2 networks on solana and i think this will change the overall ecosystem of it like it happened with eth.

[yhiaali3]

It is not important whether SOL rises or falls, but rather that the Solana network is witnessing very strong movement and is capturing a very large percentage of network transfers in general.

Due to the speed and low fees, as well as the wide spread of Memecoins on the Solana network, which is witnessing great popularity despite the fact that it has caused the loss of millions of users, I expect that these are the main reasons for the growth of the network, and I expect it to grow significantly in the coming period.

[LogitechMouse]

---
During this overall downturn in the crypto market, Solana price dropped to a multi-month low of $126.11. However, it has bounced back with a 15% recovery in the last 24 hours, giving investors a glimmer of hope for a turnaround. This optimism is bolstered by rising interest from investors and a substantial open interest of $4.63 billion.
Let discuss

Solana has been the face of the media outlets for quite some time because of the meme coins that are being created under it. We know that pump.fun is what I call as "meme coin have", and most of the meme coins there are under SOL, and that's also the reason why the price of SOL pumped in the past few months. Many want to buy meme coins under SOL and to buy those, they need to buy SOL itself hence, an increased in demand.

Now, it seems like the hype around it is slowly declining already as seen in the price movement of SOL. Also, I've read some news that some of those who lost their money on FTX will receive SOL tokens which they might sell immediately causing a further downwards price movement. On the long run though, I believe that SOL is a good long-term coin. I don't know though if the phrase "Ethereum killer" is applicable to Solana like what most are saying.