The decline in the price of Solana (SOL), one of the largest altcoins, last night may have predicted its future.
According to CoinGecko data, yesterday up to $109 Solana price until it comes out, in the evening hours below the $100 level landed.
at the beginning of the week After April 2022 the highest level for $125 reaching SOL, together with yesterday’s activity lost 20% value.
Meme coins such as BONK, which have contributed to the activation of the Solana ecosystem in the past weeks, have increased on a weekly basis according to TradingView data. It dropped by 27%.
According to David Shuttleworth, one of Anagram’s research partners, increasing funding rates in derivative positions Solana was informed in advance that there may be a decrease in its price. was giving.
Shuttleworth, many investors have recentlyar to buy or close a position He left Solana and converted his money into stablecoin. he stated.
Hope you captured profit, “anon.” Forever and always my domain 😈 https://t.co/GNryyiI67K pic.twitter.com/d8g50eFKq4
— David Alexander II (@Mega_Fund) December 28, 2023