Solana News today: Salt crashes 40% to reach 5-month lower below $ 160 – Here’s why

Solana intensified downwardly intensified on Monday, 24. February, like salt is over 10% to hit $ 155 last seen in mid-October last year.

Gornji Altcoin now has 14% in one week and close to 40% in the last 30 days. With investors on the edge, the question about all of the mind is: What drives solan dramatic collapse? “

The two main crystings that took place over the weekend were credited by the market, which led to loss of value for most coins.

It was first 1.4 billion bibita hack On Saturday, 22. February, which marked the greatest ever Cripto Hack in the history of the industry.

He quickly followed $ 49.5 million Haka StableCoin Bank 0xinfini day later.

They saw the industry market fall for more than 3% or 93 billion dollars to settle about $ 3.1 trillion.

It also led to the transition in an industrial person from greed – last week in neutral and border fear today.

The largest traction factor today sales prices

The shift of a market feelings according to Cryptos partially explains why sales are priced today. However, market crashes is not the only thing that affects the prices of Solana.

The biggest markings for 6in The largest Altcoin’s prices can be attributed to FUDs related to unlocking the Token Solana by FTX ESTATE later this week.

This Saturday, March. 1, The FTX will unlock 11.2 million salt Tokens – with current evaluation of more than $ 1.7 billion.

Analysts and investors are concerned that sales pressure is related to such an event to cause massive volatility and probably that the most important thing is to withdraw prices.

These feelings have the support of Solana data metrics key. For example, Solana has a negative open interest (OI) weighted funding rate of -0.0017%, according to Data from coigex.

This implies that the number of investors who betted on the price of Solana to further collapse more than those expecting to appear.

Will Solana recover?

In the end, Solana will refute and probably rally to the new all the time before End this year.

Its short-term price of the price will, however, will remain shivers, because it grips with the bear market, resolved payment scandal, and now – Unlock FTX.