🚀 Solana's Recent Performance
The Solana (SOL) ecosystem saw a 500% rise over the past year, yet it hasn't reclaimed its all-time high of $260. Currently, SOL trades at $165.43, with a 7% gain last week despite recent declines.
📉 Why Did Solana’s Price Drop?
SOL's latest dip is linked to the sale of 40,000 SOL by the Pump Fun Fee Account, causing concerns over future price movements. So far, Pump Fun has sold 500,000 SOL, contributing to the price pressure.
📈 Price Prediction for 2025
CoinCodex forecasts extreme bullishness for SOL in 2025. The altcoin is expected to surpass its $260 all-time high, peaking at $368 in April and reaching $426 by June. After a correction, SOL will trade between $270 and $370, with the possibility of hitting $450 later in the year.
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