In the current market cycle, it is crucial for investors in Solana (SOL) to maintain confidence and patience. Although there may be severe price fluctuations in the social media topic #MEME related to SOL, it is important to recognize that any short-term losses with SOL could potentially be compensated for in the future. The current market's reaction to SOL may seem somewhat lukewarm, but this does not imply a decrease in its long-term value and potential.
I am increasingly convinced that SOL's market valuation is far from reaching its appropriate level. In fact, my expectations for SOL to reach the $1000 mark in the future are stronger than ever. This enhanced belief is partly due to the successful attraction of broader attention by SOL's PVP community. Given the strong momentum of its ecosystem, SOL's market valuation cannot remain at its current level.
Considering SOL's trading volume and circulation, it seems that there has not yet been a token burn operation this quarter, which may indicate that a burn will occur in the near future. Furthermore, although there has not yet been an official statement from Binance, past patterns suggest that burn announcements are typically made on weekdays, which may imply that an announcement will be made next Monday.
Investors should remain calm in the face of market fluctuations and focus on the long-term value of SOL and the development of its ecosystem. Short-term market volatility should not affect confidence in SOL's long-term potential. At the same time, investors should closely monitor any announcements and events that may impact SOL's price, including token burn operations.