SOLANA: FTX CRASH AND RISE TO $34 - A SECOND CHANCE FROM MARKET MAKERS⁉️

#solana ( $SOL ) has become a hot topic in the world of cryptocurrencies, and recent events have caused quite a stir in its price dynamics. Let's take a closer look at what happened and why.

🔹FTX CRASH: A significant drop in the price of Solana was recorded during issues with the #ftx exchange. The price plummeted to $9, causing panic among investors. This incident highlighted the vulnerability of centralized exchanges and the influence they can have on #cryptocurrency assets.

🔸RISE TO $34: After the crash, Solana embarked on an impressive path to recovery throughout 2023. The price soared to $34, bringing relief to many who had weathered the downturn. This rapid recovery led some to believe in a second chance for significant growth. However, the main question is how sustainable this is.

🔹MARKETMAKER’S Shenanigans: There are speculations that the rise to $34 might not be entirely organic. Market makers and major players can manipulate prices, creating buzz and attracting more investors. This action is known as the «pump and dump» scheme, where the price is artificially inflated and then rapidly dumped. You should understand that a significant amount of investment has been poured into this startup, and not everything has paid off yet.

🔸DREAMING OF 260$: While Solana has demonstrated impressive resilience, the idea that it will return to its previous highs of $260 may be overly optimistic. At the moment, the token has lost its prospects for reaching those levels. Firstly, the technological progress of the startup has lagged, and secondly, the same "big players" are behind #solana . Therefore, demand for purchase, due to mistrust, will obviously be lower than it was in the fall of 2021.

Understanding the factors, including market manipulations, is key to making informed investment decisions.

As Solana continues on its path, investors must closely monitor events and be prepared for volatility.