🚨 Solana’s Crash: Structural Weaknesses Exposed
🔍 3 Key Structural Issues Behind $SOL’s Decline
1️⃣ Meme Coin Volatility & Manipulation
Libra Meme Coin Scandal: Promoted by Argentina’s President, surged before a 94% rug pull
Heavy $SOL Involvement led to large-scale internal trading suspicions
$SOL’s ecosystem relies on meme coins, making it vulnerable to manipulation & volatility
2️⃣ FTX Sell-Off & Liquidity Drain
FTX liquidated 41M $SOL, with 12M $SOL unlocking by April
Unlike $BTC, $SOL lacks strong institutional buy support & deflationary mechanics
Without institutional inflows (e.g., ETF approval), volatility may persist
3️⃣ Altcoin Dependence on Bitcoin’s Trend
$BTC dominance is nearing 60%, keeping altcoins tied to its market trends
$SOL’s decline is exacerbated by $BTC weakness, reflecting a broader altcoin vulnerability
🔮 Can Solana Overcome These Structural Risks?
To sustain long-term growth, $SOL must:
✅ Reduce meme coin reliance & diversify use cases
✅ Build a stronger defense mechanism against large unlock events
✅ Establish institutional support through ETFs or strategic partnerships
More info🔍
https://t.co/qnQAerx6Ll
#CryptoKorea #Investment #Essential #Solana #FTX #MemeCoins