Overview
Solana’s SOL has experienced a notable downturn, falling 8% to a price of $124. This drop means that for the first time since May 2022, the token is below its realized price of $134, signaling that the average SOL holder is now operating at a loss.
Key Points
- Solana’s SOL recently dipped to $124, straying below the realized price of $134.
- This shift coincides with ongoing discussions among Solana’s validators regarding a proposal that could potentially lower the network’s annual inflation rate from 4.7% to 1.5%.
- This decline indicates that a portion of SOL holders may now be disproportionately affected, possibly leading to panic selling unless certain support levels are maintained.
Solana’s Price Drop
Figure: The average SOL holder is currently facing losses. (nati /Pixabay)
Additional Insights
Despite the bearish trend, analysts suggest there’s potential for a market rebound if specific support levels are effectively held. Investors are encouraged to monitor the situation closely as SOL navigates this volatile environment.
