🚀 Solana's Recent Performance
The Solana (SOL) ecosystem has seen a 500% surge in the past year but has yet to reclaim its all-time high of $260. SOL is currently trading at $165.43, up 7% in the past week despite recent declines.
📉 Why did Solana price drop?
The latest SOL drop is linked to the sale of 40,000 SOL by the Pump Fun Fee Account, raising concerns about future price movements. So far, Pump Fun has sold 500,000 SOL, contributing to the price pressure.
📈 Price forecast for 2025
CoinCodex predicts extreme bullishness for SOL in 2025. The altcoin is expected to surpass its all-time high of $260, peaking at $368 in April and reaching $426 in June. After a correction, SOL will trade between $270 and $370, with a chance of reaching $450 by the end of the year.