Solana (SOL) Dips Amid LIBRA Controversy – Will It Recover?
Solana (SOL) has plunged 8.8% in the past 24 hours due to turmoil from meme coins such as LIBRA and HARRYBOLZ. LIBRA’s collapse, tied to Argentine President Javier Milei’s endorsement and subsequent distancing, led to massive losses. Other Solana-based meme coins have experienced similar volatility. Additionally, an upcoming 11.2 million SOL token unlock on March 1 may contribute to further price declines. Despite short-term concerns, Solana has strengthened its network stability, and analysts still predict a bullish future, with potential highs of $520 by 2025.
2025-02-19Read